Welcome to MEABF.org
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.
We take care of the people who take care of Chicago.
September 2, 2015
Public Act 98-0641 - UpdateOn July 24, 2015, the Cook County Circuit Court declared Public Act 98-0641 unconstitutional. Accordingly, the following two issues will be completed:
For Employee Members: MEABF is currently calculating the amount of excess contributions which were collected from employee members between January 2015 and August 2015. After auditing these totals and coming to agreement with respective employers, this money will be returned to eligible employees from their employer.
For Retired Members: If you qualified for an Annual Increase on January 1, 2015, you will receive a one-time payment for the difference between the annual increase calculated in 2015 under the previous law compared to the current law. We project to complete this task in late September. Your October benefit payment is scheduled to reflect your new gross benefit using the full 3% annual increase.
Please note that the timing of the above is based on the current status of the recalculation process. Should there be changes or delays, updated information will be posted to the website.
If you have any questions, please contact the Fund at 312-236-4700.
August 20, 2015
Trustee Election - Friday, October 30, 2015The next election for Trustee of the Retirement Board is scheduled for Friday, October 30, 2015. if you are interested in running, please see our Election Page for the Rules of Election.
July 27, 2015
RFP for Transition ManagersThe Retirement Board is actively searching for Transition Managers. The RFP can be found on the Fund's Procurement page here.
July 1, 2015
***Pension Verification Form - Benefits to Be Suspended***If you did not fill out a 2015 Pension Verification Form please contact the Fund immediately to do so. If you do not fill out this form your August benefit will be suspended until completion of this form.