City of Chicago
Cost of pensions workers earn this year
$222.4 million
Exact amount: $222,445,185.00
Calendar year 2026
Net normal cost is the actuary's estimate of what this year of work by 11,639 active officers adds to the pension promise, after officers' own contributions (Table 1C, p.29). Tier 1 is hired before 1/1/2011, Tier 2 after.
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): 4,957 active members · Government estimate | $130,073,340.00 | 58.5% |
| Tier 2 (hired 2011 or later): 6,682 active members · Government estimate | $92,371,845.00 | 41.5% |
Sources
- data/leaves_pensions.json (fund actuarial valuations 12/31/2025)
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