If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.
The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.
Where do your community's public pension funds rank?
Chicago's healthiest pension funds
Rank
Fund
City
County
Funding Percent
1
COOK COUNTY EMPLOYEES' A&B FUND
Chicago
Cook County
56.73
2
METRO WATER RECLAMATION DISTRICT RETIREMENT FUND
Chicago
Cook County
56.17
3
Chicago Teachers' Pension Fund
Chicago
Cook County
52.41
4
LABORERS' & RETIREMENT BOARD EMPLOYEES' A&B FUND
Chicago
Cook County
50.36
5
PARK EMPLOYEES' & RETIREMENT BOARD EMPLOYEES' A&B
Chicago
Cook County
39.15
6
MUNICIPAL EMPLOYEES A & B FUND OF CHICAGO
Chicago
Cook County
30.49
7
Policemen's Annuity and Benefit Fund of Chicago
Chicago
Cook County
23.74
8
Firemen's Annuity and Benefit Fund of Chicago
Chicago
Cook County
21.30
ORGANIZATIONS IN THIS STORY
Policemen's Annuity and Benefit Fund of Chicago• Firemen's Annuity and Benefit Fund of Chicago• Cook County Employees' A&B Fund• Laborers' & Retirement Board Employees' A&B Fund• Municipal Employees A & B Fund Of Chicago• Chicago Teachers' Pension Fund• Park Employees' & Retirement Board Employees' A&B• Metro Water Reclamation District Retirement Fund
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