City of Chicago
Cost of pensions workers earn this year
$26.6 million
Exact amount: $26,624,056.00
Calendar year 2026
Net employer normal cost is the actuary's estimate of what this year of work by 2,780 active members adds to the pension promise, after members' own contributions (Table 1B, p.31).
The City sends one payment set by law to the retirement fund, and the fund then pays thousands of retirees, so the public records stop at how many retirees there are and what the average one gets.
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All items
| Box | Amount | % of this budget |
|---|---|---|
| Tier 1 (hired before 2011): 1,196 active members · Government estimate | $17,305,069.00 | 65.0% |
| Tier 3 (hired July 6, 2017 or later): 1,082 active members · Government estimate | $5,358,376.00 | 20.1% |
| Tier 2 (hired 2011 to July 5, 2017): 502 active members · Government estimate | $3,960,611.00 | 14.9% |
Sources
- data/leaves_pensions.json (fund actuarial valuations 12/31/2025)
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