This document provides a high-level, side-by-side comparison of the four pension funds paid into by the City of Chicago and the two pension funds paid into by Cook County, Illinois. Data is chiefly drawn from the actuarial valuation reports issued for each fund as of December 31, 2016.
Across the country, public pensions have been continually politicized. This is done through three primary methods:
• Making investment decisions based on political factors
• Using high assumed rates of return to calculate unfunded liabilities
• Using outdated actuarial tables to calculate pension funding requirements
A link to the full report can be found here.