State Data » Illinois

Major pension plans in the state

Plan Name Assets (millions) Participants Funded Ratio Percent of ARC Paid Retirement System that Administers the Plan
Chicago Teachers 13,373.0 65,483 47.5 76.7 Chicago Public School Teachers Pension and Retirement Fund
Illinois Municipal 57,700.1 480,950 98.6 100.0 Illinois Municipal Retirement Fund
Illinois SERS 23,883.3 142,191 41.1 81.6 Illinois State Employees Retirement System
Illinois Teachers 64,212.5 308,175 42.5 62.0 Illinois Teachers Retirement System
Illinois Universities 23,768.3 240,307 43.9 85.9 Illinois State Universities Retirement System
Chicago Municipal 4,308.3 79,912 22.0 47.0 Chicago Municipal Employees
Chicago Police 3,846.7 27,326 24.0 75.3 Chicago Police
Cook County ERS 14,281.5 55,488 67.2 77.9 Cook County Employees
Chicago Fire 1,466.4 10,154 20.1 77.1 Chicago Fire
Chicago Laborers 1,334.1 7,643 44.5 54.7 Chicago Laborers

Source: Public Plans Database (as of 2021)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021

Fiscal Year IL US
2001 6.7 2.9
2002 6.8 3.0
2003 7.4 3.4
2004 7.8 4.2
2005 8.5 3.8
2006 7.5 3.7
2007 7.9 3.9
2008 8.1 4.2
2009 10.4 4.4
2010 10.4 4.6
2011 10.6 4.9
2012 12.6 5.0
2013 12.1 5.2
2014 13.3 5.6
2015 13.4 5.8
2016 14.6 6.1
2017 14.3 6.0
2018 16.0 6.4
2019 15.7 6.2
2020 15.8 6.6
2021 16.8 6.8

Source: Public Plans Database and Census of Governments.

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