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.

September 21, 2015

Public Act 98-0641 - Update

Thet Cook County Circuit Court overturned Public Act 98-0641. The effect on your benefit is that the 3% compounded annual increase is restored. Back on January 1, your monthly annuity was increased by an amount less than the 3%. This payment represents the adjustment in your annual increase retroactive to January 1, 2015. The benefit due October 1, 2015 will represent your new, monthly, gross annuity with the 3% annual increase.

December 29, 2015

2016 Annual Statements

Effective January 1, 2016 the City of Chicago insurance rates for the annuitant health care plan will be changing. Please use the following link for additional information available to annuitants: http://chicagoretireebenefits.org.

January 4, 2016

International Small Cap Equity Request for Proposal

Go here to see the original:
Municipal Employees' Annuity and Benefit Fund of Chicago