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Chicago City Wire

Thursday, April 18, 2024

Report: Average pensioner in Laborers' & Retirement Board Employees' A&B Fund earns $73,761 per year

Salary04

The Laborers' & Retirement Board Employees' A&B Fund had 2,822 active participants receiving an average salary of $73,761 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.

The DOI biennial report shows active Laborers' & Retirement Board Employees' A&B Fund participants earned $208,154,918 in total salaries in 2016.

Statewide, there are 591,687 active pensioners in the state's 666 public retirement systems and pension funds. The average salary is $56,467. In all, active pension fund participants earned $18,095,309,637 in total salaries.

Laborers' & Retirement Board Employees' A&B Fund average salary over 5 years
20122013201420152016Change 2012-2016
Active pensioners2,8652,8442,8372,8162,822-43
Average salary$69,386$70,447$71,439$72,718$73,761$4,375

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