Chicago City Wire

Chicago City Wire

Thursday, April 2, 2020

Rankings: 8 best funded pensions in Chicago

Local Government

By Local Labs News Service | Feb 6, 2018

Money836

Chicago have government pension funds with the highest funding levels in Chicago, according to the Illinois Department of Insurance.

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

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Organizations in this Story

Chicago Teachers' Pension FundFiremen's Annuity and Benefit Fund of ChicagoPolicemen's Annuity and Benefit Fund of ChicagoCook County Employees' A&B FundLaborers' & Retirement Board Employees' A&B FundMetro Water Reclamation District Retirement FundMunicipal Employees A & B Fund Of ChicagoPark Employees' & Retirement Board Employees' A&B

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