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, 2001-2021

Fiscal Year Net Assets (billions)
2001 null
2002 null
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

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2021

Fiscal Year Chicago Laborers US State and Local Pensions
2001 null 2.4
2002 null 2.3
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 1.3

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, 2001-2021

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 null null 8.6 null
2002 null null 8.6 null
2003 null null 10.4 null
2004 0.2 4.8 11.7 5.0
2005 0.5 6.5 13.5 7.0
2006 0.9 8.2 14.2 9.1
2007 1.3 10.0 13.8 11.3
2008 0.7 7.4 12.7 8.1
2009 2.5 13.6 14.2 16.1
2010 5.2 18.1 15.3 23.3
2011 8.4 20.9 16.1 29.3
2012 15.5 23.5 17.8 39.0
2013 28.3 24.7 20.0 53.0
2014 6.0 46.3 20.3 52.3
2015 6.1 32.9 20.0 39.0
2016 6.1 50.2 20.7 56.2
2017 17.0 42.6 19.3 59.6
2018 22.6 38.5 20.3 61.1
2019 28.0 42.1 20.4 70.1
2020 39.6 35.6 21.2 75.2
2021 40.1 33.1 21.4 73.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Chicago Laborers, 2001-2021

Fiscal Year Chicago Laborers National Data
2001 125.2 101.8
2002 111.3 95.2
2003 103.2 89.0
2004 98.5 87.2
2005 93.9 85.4
2006 94.1 85.3
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 71.9
2014 64.4 73.2
2015 53.0 73.2
2016 50.4 71.6
2017 48.3 72.1
2018 44.7 72.4
2019 42.6 72.5
2020 43.0 72.7
2021 44.5 75.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Chicago Laborers, 2021

Category Percent
Equities null
Fixed Income null
Private Equity null
Real Estate null
Cash null
Other null
Commodities null
Hedge Fund null
Misc. Alternatives null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2021

Category Percent
Equities 47.3
Fixed Income 21.4
Private Equity 11.3
Real Estate 8.1
Cash 2.1
Other 0.3
Commodities 1.8
Hedge Fund 6.1
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, 2001-2021

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 null null null null null null null null null
2018 null null null null null null null null null
2019 null null null null null null null null null
2020 null null null null null null null null null
2021 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of December 31 for Chicago Laborers, 2001-2021

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

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
2001-2021

Fiscal Year Cash Flow Assets
2001 null null
2002 null null
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

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
2001-2021

Fiscal Year Chicago Laborers National Average
2001 null -2.2
2002 null -2.6
2003 -4.3 -2.5
2004 -5.3 -2.6
2005 -5.8 -2.2
2006 -5.4 -2.2
2007 -4.6 -2.3
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 -2.9
2021 -5.5 -2.8

Source: Public Plans Database

National data averages are weighted by plan size.

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