State Data » Illinois » Chicago Police » Chicago Police

Chicago Police Basics

  • Established 1921
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Chicago Police, 2003-2018

Fiscal Year Net Assets (billions)
2003 3.7
2004 3.9
2005 4.0
2006 4.2
2007 4.3
2008 3.0
2009 3.3
2010 3.4
2011 3.2
2012 3.2
2013 3.3
2014 3.1
2015 3.1
2016 2.9
2017 3.1
2018 2.9

Source: Public Plans Database

Number of Actives per Annuitant, 2003-2018

Fiscal Year Chicago Police US State and Local Pensions
2003 1.2 1.2
2004 1.1 1.1
2005 1.1 1.1
2006 1.1 1.1
2007 1.1 1.1
2008 1.1 1.1
2009 1.1 1.1
2010 1.0 1.0
2011 1.0 1.0
2012 0.9 1.0
2013 0.9 1.0
2014 0.9 0.9
2015 0.9 0.9
2016 0.9 0.9
2017 0.9 0.9
2018 1.0 1.0

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Chicago Police, 2003-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2003 15.9 4.6 17.5 20.5 20.5
2004 15.5 7.8 20.1 23.3 23.3
2005 18.8 6.3 21.2 25.1 25.1
2006 14.9 11.1 22.8 25.9 25.9
2007 16.4 13.7 25.0 30.1 30.1
2008 16.9 14.2 25.2 31.1 31.1
2009 17.0 16.6 26.2 33.6 33.6
2010 16.6 18.0 27.6 34.7 34.7
2011 16.8 22.1 29.6 38.9 38.9
2012 19.5 23.0 31.0 42.5 42.5
2013 17.7 29.0 31.2 46.7 46.7
2014 16.6 29.2 32.0 45.8 45.8
2015 53.0 19.3 33.9 72.3 72.3
2016 24.5 45.7 35.3 70.2 70.2
2017 43.0 36.2 32.9 79.2 79.2
2018 48.9 27.8 32.8 76.7 76.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Chicago Police, 2003-2018

Fiscal Year Chicago Police National Data
2003 61.4 85.5
2004 55.9 81.5
2005 50.7 79.2
2006 50.4 80.4
2007 51.5 84.0
2008 48.3 78.7
2009 44.5 77.3
2010 40.4 75.2
2011 36.2 71.9
2012 31.3 70.6
2013 29.7 70.8
2014 26.1 72.1
2015 28.2 74.1
2016 23.7 72.5
2017 23.7 72.1
2018 23.8 72.9

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Chicago Police, 2018

Category Percent
Equities 47.5
Fixed Income 22.4
Private Equity 4.5
Real Estate 4.0
Cash 1.0
Other 0.0
Commodities 4.0
Hedge Fund 16.7
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Chicago Police, 2007-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2007 62.4 30.6 5.1 1.6 0.1 0.0 0.2 0.0 0.0
2008 55.3 30.2 7.8 3.1 0.1 0.0 0.6 2.5 0.0
2009 63.7 22.5 6.0 3.0 0.4 0.0 1.0 3.4 0.0
2010 62.0 23.0 7.0 3.0 0.0 0.0 1.0 4.0 0.0
2011 45.0 29.0 8.0 4.0 0.0 0.0 2.0 12.0 0.0
2012 46.0 26.0 8.0 4.0 1.0 0.0 2.0 13.0 0.0
2013 44.6 23.8 7.9 4.0 4.0 0.0 2.0 13.9 0.0
2014 44.0 28.0 9.0 3.0 0.0 0.0 1.0 15.0 0.0
2015 47.0 26.0 9.0 3.0 0.0 0.0 2.0 13.0 0.0
2016 50.7 23.6 5.6 3.2 0.7 0.0 0.9 15.3 0.0
2017 56.9 23.3 3.2 2.8 0.3 0.0 1.0 12.5 0.0
2018 47.5 22.4 4.5 4.0 1.0 0.0 4.0 16.7 0.0

Source: Public Plans Database


Annual Return as of December 31 for Chicago Police, 2003-2018

Fiscal Year Chicago Police Assumed return
2003 21.00 8.00
2004 10.80 8.00
2005 7.30 8.00
2006 12.10 8.00
2007 8.80 8.00
2008 -27.80 8.00
2009 21.50 8.00
2010 12.70 8.00
2011 0.80 8.00
2012 12.40 8.00
2013 14.50 7.75
2014 6.20 7.50
2015 -0.40 7.50
2016 6.70 7.25
2017 17.15 7.25
2018 -5.24 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Chicago Police
2003-2018

Fiscal Year Cash Flow Assets
2003 -158.0 3,693.3
2004 -195.4 3,865.8
2005 -172.7 3,954.8
2006 -211.1 4,192.1
2007 -208.8 4,333.2
2008 -227.5 3,001.0
2009 -243.1 3,326.1
2010 -256.0 3,439.7
2011 -297.9 3,175.5
2012 -315.7 3,213.4
2013 -364.0 3,265.2
2014 -385.8 3,062.0
2015 -0.8 3,058.9
2016 -338.0 2,865.0
2017 -155.2 3,122.1
2018 -79.9 2,905.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Chicago Police
2003-2018

Fiscal Year Chicago Police National Average
2003 -4.3 -3.4
2004 -5.1 -3.8
2005 -4.4 -3.8
2006 -5.0 -4.0
2007 -4.8 -3.9
2008 -7.6 -6.4
2009 -7.3 -6.1
2010 -7.4 -5.7
2011 -9.4 -7.0
2012 -9.8 -6.8
2013 -11.1 -6.3
2014 -12.6 -5.4
2015 -0.0 -3.3
2016 -11.8 -5.0
2017 -5.0 -3.5
2018 -2.8 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Chicago Police benefit descriptions.