All Funds
All Four Chicago City Pension Funds (Aggregate)Aggregated view of MEABF + LABF + PABF + FABF. Liabilities, assets, contributions, and benefits summed across the four funds.
Accrued liability vs. assets
Market value (solid), actuarial smoothed value (dashed), liability (shaded)
Accrued liability is the present value of benefits already earned by current and former employees. The gap between the liability band and the market-value line is the unfunded liability on a market basis.
Source: Public Plans Database
Funded ratio
Market basis (solid), actuarial basis (dashed)
Funded ratio is assets divided by liabilities. The solid line uses market-value assets; the dashed line uses actuarial (smoothed) assets, which is what governs the legal funding policy.
Source: Public Plans Database
Year-by-year detail
| FY | AAL | MVA | AVA | UAAL (MVA) | Funded (MVA) | Funded (AVA) |
|---|---|---|---|---|---|---|
| 2024 | $48.45B | $12.42B | $12.70B | $36.53B | 25.6% | 26.2% |
| 2023 | $47.21B | $11.12B | $11.73B | $37.20B | 23.5% | 24.8% |
| 2022 | $44.78B | $9.92B | $10.83B | $35.44B | 22.2% | 24.2% |
| 2021 | $43.64B | $10.96B | $10.39B | $33.70B | 25.1% | 23.8% |
| 2020 | $41.82B | $10.11B | $9.83B | $32.96B | 24.2% | 23.5% |
| 2019 | $40.49B | $9.58B | $9.48B | $31.79B | 23.7% | 23.4% |
| 2018 | $38.83B | $8.95B | $9.66B | $30.12B | 23.0% | 24.9% |
| 2017 | $37.54B | $10.07B | $9.93B | $28.04B | 26.8% | 26.5% |
| 2016 | $35.47B | $9.49B | $9.98B | $35.76B | 26.8% | 28.1% |
| 2015 | $33.07B | $10.08B | $10.39B | $33.85B | 30.5% | 31.4% |
| 2014 | $30.09B | $10.67B | $10.34B | $20.09B | 35.4% | 34.4% |
| 2013 | $30.62B | $11.26B | $10.51B | $19.36B | 36.8% | 34.3% |
| 2012 | $29.88B | $10.80B | $10.53B | $19.08B | 36.1% | 35.2% |
| 2011 | $27.82B | $10.54B | $11.52B | $17.28B | 37.9% | 41.4% |
| 2010 | $26.72B | $11.41B | $12.45B | $15.32B | 42.7% | 46.6% |
| 2009 | $24.97B | $10.88B | $13.05B | $14.09B | 43.6% | 52.3% |
| 2008 | $24.09B | $9.84B | $13.80B | $14.25B | 40.9% | 57.3% |
| 2007 | $23.21B | $14.60B | $14.25B | $8.62B | 62.9% | 61.4% |
| 2006 | $22.27B | $14.16B | $13.44B | $8.11B | 63.6% | 60.3% |
| 2005 | $21.60B | $13.25B | $13.09B | $8.35B | 61.3% | 60.6% |
| 2004 | $20.31B | $12.95B | $13.11B | $7.36B | 63.8% | 64.5% |
| 2003 | $18.72B | $12.28B | $13.30B | $6.44B | 65.6% | 71.0% |
| 2002 | $17.59B | $10.65B | $13.45B | $6.94B | 60.5% | 76.5% |
| 2001 | $16.34B | $12.19B | $13.65B | $4.14B | 74.6% | 83.6% |
| 2000 | $15.67B | $13.03B | $13.27B | $2.63B | 83.2% | 84.7% |
| 1999 | $15.15B | $13.12B | $12.54B | $2.02B | 86.6% | 82.8% |
| 1998 | $14.56B | $12.13B | $11.05B | $2.43B | 83.3% | 75.9% |
| 1997 | $12.55B | $10.66B | $9.67B | $1.89B | 85.0% | 77.1% |