State Data » Illinois » Chicago Laborers » Chicago Laborers

Chicago Laborers Basics

  • Established 1935
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Chicago Laborers, 2003-2022

Fiscal Year Net Assets (billions)
2003 1.55
2004 1.64
2005 1.66
2006 1.74
2007 1.78
2008 1.19
2009 1.33
2010 1.43
2011 1.31
2012 1.37
2013 1.46
2014 1.39
2015 1.24
2016 1.17
2017 1.27
2018 1.09
2019 1.19
2020 1.27
2021 1.33
2022 1.13

Source: Public Plans Database

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Number of Actives per Annuitant, 2003-2022

Fiscal Year Chicago Laborers US State and Local Pensions
2003 0.9 2.2
2004 0.7 2.1
2005 0.8 2.1
2006 0.8 2.0
2007 0.8 2.0
2008 0.8 1.9
2009 0.8 1.9
2010 0.7 1.8
2011 0.7 1.7
2012 0.7 1.6
2013 0.7 1.5
2014 0.7 1.4
2015 0.7 1.4
2016 0.7 1.4
2017 0.8 1.4
2018 0.7 1.3
2019 0.7 1.3
2020 0.7 1.3
2021 0.7 1.2
2022 0.7 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Chicago Laborers, 2004-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2004 0.2 4.8 11.8 5.0
2005 0.5 6.5 13.7 7.0
2006 0.9 8.2 14.3 9.1
2007 1.3 10.0 13.9 11.3
2008 0.7 7.4 12.8 8.1
2009 2.5 13.6 14.4 16.1
2010 5.2 18.1 15.5 23.3
2011 8.4 20.9 16.4 29.3
2012 15.5 23.5 18.1 39.0
2013 28.3 24.7 20.3 53.0
2014 6.0 46.3 20.6 52.3
2015 6.1 32.9 20.6 39.0
2016 6.1 50.2 21.5 56.2
2017 17.0 42.6 21.4 59.6
2018 22.6 38.5 22.5 61.1
2019 28.0 42.1 22.6 70.1
2020 35.6 39.6 23.4 75.2
2021 40.1 33.1 23.6 73.2
2022 54.3 17.2 24.1 71.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Chicago Laborers, 2001-2022

Fiscal Year Chicago Laborers National Data
2001 125.2 101.7
2002 111.3 94.6
2003 103.2 88.8
2004 98.5 87.0
2005 93.9 85.4
2006 94.1 85.2
2007 97.2 86.3
2008 88.7 84.4
2009 81.1 78.4
2010 75.3 75.7
2011 66.1 74.3
2012 56.3 72.3
2013 56.8 71.8
2014 64.4 73.2
2015 53.0 73.2
2016 50.4 71.6
2017 48.3 72.0
2018 44.7 72.4
2019 42.6 72.5
2020 43.0 72.6
2021 44.5 75.8
2022 44.5 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Chicago Laborers, 2022

Category Percent
Equities 44.4
Fixed Income 18.6
Private Equity 8.8
Real Estate 13.4
Cash 2.1
Other 0.0
Commodities 2.9
Hedge Fund 9.8
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Chicago Laborers, 2004-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2004 56.2 29.8 2.4 2.9 8.7 0.0 0.0 0.0 0.0
2005 55.3 31.0 2.2 2.1 9.4 0.0 0.0 0.0 0.0
2006 56.8 30.8 2.5 1.9 8.0 0.0 0.0 0.0 0.0
2007 59.9 31.4 2.4 2.1 4.2 0.0 0.0 0.0 0.0
2008 55.3 32.2 3.3 3.5 5.7 0.0 0.0 0.0 0.0
2009 68.3 17.9 2.9 2.4 5.2 0.0 0.0 3.3 0.0
2010 67.3 17.8 3.3 2.4 5.3 0.0 0.0 3.9 0.0
2011 67.2 18.3 3.6 2.9 3.9 0.0 0.0 4.1 0.0
2012 55.2 19.8 3.3 2.9 3.1 0.0 0.0 15.7 0.0
2013 55.5 17.3 3.5 3.0 2.6 0.0 0.0 18.1 0.0
2014 49.0 23.8 3.2 3.5 0.0 2.0 0.0 18.5 0.0
2015 55.6 18.1 2.7 3.5 0.0 1.4 0.0 18.7 0.0
2016 54.4 19.5 3.1 5.5 0.0 0.5 0.0 17.0 0.0
2017 57.1 21.0 2.1 5.3 0.0 1.5 0.0 13.0 0.0
2018 49.5 24.8 2.6 11.7 0.4 0.0 0.0 11.1 0.0
2019 56.7 20.0 3.0 10.7 1.7 0.0 0.0 7.9 0.0
2020 55.1 19.0 3.6 10.1 1.6 0.0 2.4 8.3 0.0
2021 52.2 18.3 4.2 10.8 1.6 0.0 2.4 10.6 0.0
2022 44.4 18.6 8.8 13.4 2.1 0.0 2.9 9.8 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Chicago Laborers, 2001-2022

Fiscal Year Chicago Laborers Assumed return
2001 -0.60 8.00
2002 -7.50 8.00
2003 17.50 8.00
2004 11.50 8.00
2005 7.80 8.00
2006 11.20 8.00
2007 8.00 8.00
2008 -29.20 8.00
2009 21.50 8.00
2010 15.50 8.00
2011 -0.30 8.00
2012 14.60 7.50
2013 16.40 7.50
2014 3.80 7.50
2015 -1.50 7.50
2016 5.30 7.50
2017 18.60 7.25
2018 -6.70 7.25
2019 18.00 7.25
2020 15.70 7.25
2021 11.60 7.25
2022 -13.30 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Chicago Laborers
2003-2022

Fiscal Year Cash Flow Assets
2003 -67.3 1,552.4
2004 -86.0 1,637.4
2005 -96.1 1,659.1
2006 -93.9 1,739.7
2007 -82.0 1,782.8
2008 -83.8 1,188.6
2009 -92.8 1,332.9
2010 -98.9 1,427.2
2011 -109.1 1,313.6
2012 -116.0 1,371.1
2013 -120.7 1,457.7
2014 -123.0 1,388.1
2015 -127.1 1,238.7
2016 -128.9 1,167.7
2017 -108.2 1,267.6
2018 -98.3 1,094.7
2019 -91.2 1,187.5
2020 -80.9 1,269.7
2021 -73.7 1,334.1
2022 -45.5 1,126.9

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Chicago Laborers
2003-2022

Fiscal Year Chicago Laborers National Average
2003 -4.3 -2.4
2004 -5.3 -2.6
2005 -5.8 -2.2
2006 -5.4 -2.2
2007 -4.6 -2.2
2008 -7.0 -2.9
2009 -7.0 -3.2
2010 -6.9 -3.2
2011 -8.3 -3.4
2012 -8.5 -3.3
2013 -8.3 -3.1
2014 -8.9 -2.9
2015 -10.3 -3.1
2016 -11.0 -3.2
2017 -8.5 -2.9
2018 -9.0 -3.1
2019 -7.7 -3.1
2020 -6.4 -2.8
2021 -5.5 -2.5
2022 -4.0 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports