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 10,937.1 68,130 45.4 74.5 Chicago Public School Teachers Pension and Retirement Fund
Illinois Municipal 50,571.9 464,712 94.1 Illinois Municipal Retirement Fund
Illinois SERS 19,197.3 141,922 38.7 81.3 Illinois State Employees Retirement System
Illinois Teachers 52,316.5 307,229 40.5 61.4 Illinois Teachers Retirement System
Illinois Universities 19,617.0 239,531 42.2 80.0 Illinois State Universities Retirement System
Chicago Municipal 4,090.2 76,937 22.3 42.6 Chicago Municipal Employees
Chicago Police 3,441.9 27,416 23.1 71.3 Chicago Police
Cook County ERS 12,649.6 54,948 63.9 86.7 Cook County Employees
Chicago Fire 1,308.9 10,042 19.4 79.0 Chicago Fire
Chicago Laborers 1,269.7 7,696 43.0 52.7 Chicago Laborers

Source: Public Plans Database (as of 2020)

Public Cost

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

Fiscal Year IL US
2001 5.7 2.9
2002 5.8 3.0
2003 6.8 3.4
2004 18.6 4.2
2005 8.1 3.8
2006 7.5 3.7
2007 8.1 3.9
2008 7.9 4.2
2009 10.5 4.4
2010 10.7 4.6
2011 10.9 4.9
2012 13.6 5.0
2013 12.9 5.2
2014 13.7 5.6
2015 13.5 5.8
2016 14.8 6.1
2017 21.0 6.0
2018 22.6 6.4
2019 18.1 6.2
2020 18.6 6.6
2021 19.6 6.8

Source: Public Plans Database and Census of Governments.

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