MEABF
Municipal Employees’ Annuity and Benefit Fund of ChicagoCovers non-uniformed municipal employees of the City of Chicago. The largest of the four city funds by membership.
Funded (FY2024)
25.4%
+2.2pp YoY
Market basis
Unfunded Liability
$15.15B
$-0.54B YoY
AAL minus market assets
Market Assets
$5.06B
AAL: $19.92B
Assumed Return
6.75%
Target: 90% by 2058
Assets vs liabilities
1997–2024
Total accrued liability ($19.9B in FY2024) shown as the shaded band. Market value of assets ($5.1B) as the solid line. The dashed line is the actuarial value, which smooths investment gains and losses over a few years.
Source: Public Plans Database
Funded ratio
Market basis (solid), actuarial basis (dashed)
Market-basis funded ratio uses the actual market value of assets on the balance sheet date. The actuarial basis uses a smoothed asset value that dampens short-term market swings. The dashed horizontal line is the statutory funding target.
Source: Public Plans Database