City of Chicago

Tier 1 (hired before 2011): 4,957 active members

Exact amount: $130,073,340.00

Calendar year 2026

Average net normal cost per member $26,240 = $130,073,340 / 4,957 (our division of the actuary's printed numbers). Tier 1 payroll $672,681,254, average pay $135,703. Net of the $60,690,023 members are expected to pay in.

The fund's actuary prints this cost for the whole group, and it is spread over thousands of working members, so each member's cost is far under $1M and the City does not publish it person by person.

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