Chicago Park District

Cost of benefits workers earn this year (employer normal cost)

$9.4 million

Exact amount: $9,419,176.00

FY2026

Our estimate

Estimate: normal cost from the fund's 12/31/2025 actuarial valuation, applied to the budgeted payment. Segal valuation 12/31/2025 ([private source] page 10): employer normal cost incl. admin $9,419,176; total normal cost incl. admin $28,131,361; ADC (board policy) $88,904,199; expected employer contribution $63,332,412. Remainder toward unfunded liability is derived.

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Sources

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