PABF
Policemen’s Annuity and Benefit Fund of ChicagoCovers sworn officers of the Chicago Police Department. Below 30% funded for over a decade.
Funded (FY2024)
24.1%
+2.0pp YoY
Market basis
Unfunded Liability
$13.80B
$-0.09B YoY
AAL minus market assets
Market Assets
$4.33B
AAL: $17.95B
Assumed Return
6.75%
Target: 90% by 2055
Assets vs liabilities
1997–2024
Total accrued liability ($17.9B in FY2024) shown as the shaded band. Market value of assets ($4.3B) as the solid line. The dashed line is the actuarial value, which smooths investment gains and losses over a few years.
Source: Public Plans Database
Funded ratio
Market basis (solid), actuarial basis (dashed)
Market-basis funded ratio uses the actual market value of assets on the balance sheet date. The actuarial basis uses a smoothed asset value that dampens short-term market swings. The dashed horizontal line is the statutory funding target.
Source: Public Plans Database