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Municipal Employees Annuity and Benefit Fund of Chicago

Chicago, Illinois, United States • 11 - 50 Employees
Government Administration

The Municipal Employees'​, Officers and Officials Benefit Fund of Chicago ("Fund"​) was created in 1921 by the Illinois General Assembly. The Fund is a pension trust fund of the City of Chicago and is administered under Chapter 40, Act 5, Articles 1, 8 and 20 of the Illinois Compiled Statutes ("Statutes"​). The Fund is a defined benefit single-employer Fund. The Illinois State Legislature is the governing body that sets benefit levels, as well as employer and employee contributions.The current estimated value of the Fund's portfolio is $4.13 billion.The Fund has approximately 31,000 contributing members and administers benefits for over 21,000 annuitants, 4100 beneficiaries and 370 disabled members.