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 | 12,118.5 | 94,079 | 47.2 | 65.9 | Chicago Public School Teachers Pension and Retirement Fund |
| Illinois Municipal | 52,632.3 | 519,512 | 96.6 | Illinois Municipal Retirement Fund | |
| Illinois SERS | 23,352.7 | 172,809 | 44.7 | 84.1 | Illinois State Retirement Systems |
| Illinois Teachers | 66,504.7 | 444,993 | 44.8 | 66.6 | Illinois Teachers Retirement System |
| Illinois Universities | 23,193.2 | 247,963 | 45.8 | 90.1 | Illinois State Universities Retirement System |
| Chicago Municipal | 4,480.6 | 87,479 | 24.3 | 76.7 | Chicago Municipal Employees |
| Chicago Police | 3,869.9 | 27,774 | 23.4 | 100.0 | Chicago Police |
| Cook County ERS | 12,954.2 | 57,486 | 65.9 | 88.9 | Cook County Employees |
| Chicago Fire | 1,582.5 | 10,226 | 22.8 | 88.4 | Chicago Fire |
| Chicago Laborers | 1,184.0 | 7,623 | 42.1 | 80.7 | Chicago Laborers |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
| Fiscal Year | IL | US |
|---|---|---|
| 2001 | 7.6 | 2.9 |
| 2002 | 6.9 | 3.0 |
| 2003 | 7.9 | 3.4 |
| 2004 | 8.5 | 4.2 |
| 2005 | 9.1 | 3.8 |
| 2006 | 7.9 | 3.7 |
| 2007 | 8.3 | 3.9 |
| 2008 | 8.4 | 4.2 |
| 2009 | 11.0 | 4.4 |
| 2010 | 10.8 | 4.6 |
| 2011 | 10.9 | 4.9 |
| 2012 | 12.8 | 5.0 |
| 2013 | 12.1 | 5.2 |
| 2014 | 13.3 | 5.6 |
| 2015 | 13.8 | 5.8 |
| 2016 | 14.9 | 6.1 |
| 2017 | 14.5 | 6.1 |
| 2018 | 15.8 | 6.4 |
| 2019 | 15.8 | 6.2 |
| 2020 | 15.8 | 6.7 |
| 2021 | 15.2 | 6.3 |
| 2022 | 21.6 | 6.7 |
| 2023 | 18.3 | 6.9 |
| 2024 | 14.1 | 7.1 |