Welcome to MEABF.org
We take care of the people who take care of Chicago.
MEABF is a defined benefit, single employer benefit plan that was established in 1921 by an act of the Illinois General Assembly to provide disability and retirement benefits to qualified employees of the City of Chicago and the Chicago Board of Education. Our sole purpose is to pay earned benefits to our members, which is funded by a combination of member contributions, taxes levied by the City of Chicago, and investment earnings from Plan reserves. MEABF is a component unit of the City of Chicago, and as such, is included in the City of Chicago's financial statements as a pension trust fund.
The MEABF presented information on the Fund's WBE/MBE/DBE Investment Policy and Goals at the Special Committee on State and Pension Fund Investments, held Tuesday, October 17, 2017. You can find the materials that were presented here.
Notice is hereby given that an Election for one Trustee of the Municipal Employees’, Officers’, and Officials’ Annuity and Benefit Fund of Chicago (Fund), will be held on Friday, October 27, 2017, between the hours of 6:00 A.M. and 6:00 P.M. on the 24th Floor of 321 North Clark Street, Chicago, Illinois.
Any employee participant who holds a position by certification and appointment as a result of a competitive civil service examination as distinguished from temporary appointment for a period of not less than 5 years prior to the date of election or so holds a position which is not exempt from the classified or the personnel ordinance by a city that adopted a career service ordinance is eligible to become a Candidate for Trustee.
Election to fill three-year term beginning
December 1, 2017 through November 30, 2020
Said Election shall be by ballot and will be conducted under rules adopted by the Retirement Board, as required under law. Any employee participant as of October 1, 2017 is entitled to vote at this Election. A valid photo ID is required and must be presented in order to vote.
Timothy G. Guest
Verna R. Thompson
Patrick J. Hassett
The Retirement Board
MUNICIPAL EMPLOYEES’, OFFICERS’, AND OFFICIALS’ ANNUITY AND BENEFIT FUND OF CHICAGO
By: Jeffrey J. Johnson, Recording Secretary
Pension Verification Forms were mailed to all annuitants in April and August of 2017. The deadline for their return was September 30, 2017.
If you have not already returned a completed form, please do so as soon as possible to ensure your pension payments are not suspended.
If you have any questions or did not receive a form, contact the Fund's Annuitant Services section by calling the office at (312) 236-4700.
The Trustees of the Retirement Board of the Municipal Employees' Annuity and Benefit Fund of Chicago are accepting proposals for Fund Medical Provider. The requirements and RFP document can be found on the Fund's Procurement page or by clicking here.
The deadline for responses to this Request for Proposal has been changed to 4:00 p.m., Tuesday, October 31, 2017.
We're on Facebook! Look us up and follow us for the most recent information about the Fund. Use chimunipension to connect with our Facebook page and please share with any other mwmbers who would like to be in touch with what is happening with the Fund.
Information regarding the next election for Trustee of the MEABF Retirement Board can be found here.
Public Act 100-0023, effective July 6, 2017, creates a third tier of participants in the MEABF of Chicago. Further information can be found here.
A stress test utilizing various economic events was presented to the Board of Trustees at the September 2017 Regular Meeting. The Board and staff utilize tests like this to develop the most fiscally prudent investment strategy.
A copy of the presented Stress Test can be reviewed here.
Please note, the Regular Meeting of the Board of Trustees for October, 2017 has been changed to Wednesday, October 25, 2017.
Our mission is to provide benefits for our members, and our goals are to provide excellent service and preserve the fiscal integrity and financial stability of the Fund.