Chicago Public Schools
Pensions and Medicare tax
$925.8 million
Exact amount: $925,825,810.75
FY2026 (July 2025–June 2026)
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All items
| Box | Amount | % of this budget |
|---|---|---|
| Teacher pension levy paid to the Chicago Teachers' Pension Fund | $602,309,665.00 | 65.1% |
| Reserve for non-teacher staff pensions (MEABF) | $202,791,171.06 | 21.9% |
| Pension reserve in the general fund (a reservation, not a payment) | $120,570,340.00 | 13.0% |
| Medicare tax (Other General Charges) | $145,290.03 | <0.1% |
| Staff pension (employer share) (Absence & Disability Management) | $3,182.46 | <0.1% |
| Teacher pension (employer share) (Other General Charges) | $2,232.00 | <0.1% |
| Staff pension (employee share) (Absence & Disability Management) | $2,095.69 | <0.1% |
| Teacher pension (employee share paid by CPS) (Other General Charges) | $1,400.00 | <0.1% |
| Medicare tax (Absence & Disability Management) | $434.11 | <0.1% |
| Staff pension (employer share) (Employee Engagement) | $0.21 | <0.1% |
| Staff pension (employee share) (Employee Engagement) | $0.10 | <0.1% |
| Medicare tax (General Charges - Other Staff Services) | $0.06 | <0.1% |
| Medicare tax (Employee Engagement) | $0.03 | <0.1% |