Chicago’s Pensions, as the Documents State Them: $14.2 Billion Held Against $50.6 Billion of Pension Liability at the End of 2025, 28 Percent Funded — and No Fund Projected to Pass 50 Percent Before 2043 on the Schedule State Law Sets

By the city's own 2025 financial report, Chicago's four pension funds held $14.20 billion against $50.63 billion of pension liability at the end of 2025 - 28.1 percent funded, up from 25.4. The funds' own actuaries project none passing 50 percent before 2043 on the statutory schedule, which they call back-loaded; the same day's press release states 28.15 percent on a different liability basis. Every figure from the city's report, the funds' valuations, the state's biennial report and the Council's analysts, page-checked.









