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 | 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 |