Update on Contributions to the Fund
For the year ending 2025, the Fund received $444,615,101 in employer contributions from the City of Chicago. Approximately $3.98 million of this amount was derived from casino tax revenues. These contributions fully satisfied all statutorily required actuarial employer contributions due and owing to the Fund for 2025. In 2025, the Fund also received $49,829,004 in employee contributions. Correspondingly, the Fund paid $447,517,235 (unaudited) in annuitant benefit payments for the year.
In addition, the City of Chicago made a supplemental employer contribution of $15.64 million in January 2025, allocated from the City’s 2025 budget year. This payment was separate from, and in addition to, the statutorily required contribution.
In January 2026, the Fund received an additional supplemental employer contribution of $5.79 million, allocated from the City’s 2026 budget year. We understand this amount represents 50% of the City’s budgeted supplemental pension payment to the Fund as identified in the 2026 City Budget. This supplemental payment is separate from, and in addition to, the City’s statutorily required employer contribution of $445.3 million for payment year 2026.
Through the last full week of March 2026, the Fund has received: $98,962,826 in employer contributions, $9,613,812 in regular employee contributions, and $13,635,209 in employee retroactive contributions related to the recent contract settlement.
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