US public pension profile
Chicago Municipal Employees' Annuity Benefit Fund
Funding, investment choices and long-term returns.
Illinois ·Fiscal year 2025
Fiscal year 2025 at a glance
Asset allocation in 2025
Returns to 2025
Size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 5.8 billion | 66,318 | 93.26% | 8.00% |
| 2002 | USD 5.1 billion | 66,938 | 84.52% | 8.00% |
| 2003 | USD 5.9 billion | 67,116 | 79.91% | 8.00% |
| 2004 | USD 6.2 billion | 68,361 | 72.01% | 8.00% |
| 2005 | USD 6.4 billion | 65,078 | 68.46% | 8.00% |
| 2006 | USD 6.8 billion | 66,457 | 68.69% | 8.00% |
| 2007 | USD 7.0 billion | 66,779 | 69.12% | 8.00% |
| 2008 | USD 4.7 billion | 67,375 | 64.23% | 8.00% |
| 2009 | USD 5.2 billion | 67,287 | 58.13% | 8.00% |
| 2010 | USD 5.4 billion | 67,552 | 50.75% | 8.00% |
| 2011 | USD 5.1 billion | 68,120 | 45.17% | 8.00% |
| 2012 | USD 5.2 billion | 68,911 | 37.65% | 8.00% |
| 2013 | USD 5.4 billion | 69,503 | 36.98% | 7.50% |
| 2014 | USD 5.2 billion | 70,510 | 40.95% | 7.50% |
| 2015 | USD 4.7 billion | 71,915 | 32.87% | 7.50% |
| 2016 | USD 4.4 billion | 72,408 | 30.49% | 7.50% |
| 2017 | USD 4.6 billion | 73,854 | 27.37% | 7.00% |
| 2018 | USD 3.9 billion | 74,437 | 24.96% | 7.00% |
| 2019 | USD 4.1 billion | 76,440 | 23.25% | 7.00% |
| 2020 | USD 4.1 billion | 76,937 | 22.32% | 7.00% |
| 2021 | USD 4.3 billion | 79,912 | 21.96% | 7.00% |
| 2022 | USD 4.0 billion | 83,849 | 22.80% | 6.75% |
| 2023 | USD 4.5 billion | 87,479 | 24.26% | 6.75% |
| 2024 | USD 5.1 billion | 90,893 | 25.79% | 6.75% |
| 2025 | Not reported | Not reported | Not reported | Not reported |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 59.00% | 33.00% | 2.00% | 2.00% | 0.00% | 4.00% |
| 2002 | 52.48% | 35.64% | 0.99% | 3.96% | 0.00% | 6.93% |
| 2003 | 62.00% | 32.00% | 1.00% | 4.00% | 0.00% | 1.00% |
| 2004 | 65.00% | 28.00% | 2.00% | 4.00% | 0.00% | 1.00% |
| 2005 | 59.60% | 28.28% | 3.03% | 4.04% | 0.00% | 5.05% |
| 2006 | 59.00% | 30.00% | 3.00% | 4.00% | 0.00% | 4.00% |
| 2007 | 59.00% | 29.00% | 3.00% | 4.00% | 0.00% | 5.00% |
| 2008 | 58.42% | 26.73% | 3.96% | 4.95% | 0.00% | 5.94% |
| 2009 | 50.00% | 23.00% | 4.00% | 7.00% | 9.00% | 7.00% |
| 2010 | 55.84% | 24.68% | 3.30% | 0.00% | 9.59% | 1.60% |
| 2011 | 49.10% | 26.65% | 4.39% | 0.00% | 9.88% | 1.80% |
| 2012 | 49.15% | 26.17% | 4.70% | 0.00% | 10.49% | 0.50% |
| 2013 | 48.80% | 24.90% | 4.90% | 0.00% | 11.70% | 0.30% |
| 2014 | 46.00% | 26.50% | 5.10% | 0.00% | 10.90% | 0.00% |
| 2015 | 45.20% | 25.90% | 5.30% | 0.00% | 10.20% | 0.00% |
| 2016 | 45.78% | 24.60% | 5.56% | 0.00% | 10.84% | 0.00% |
| 2017 | 49.00% | 23.00% | 4.00% | 0.00% | 10.00% | 4.00% |
| 2018 | 44.00% | 25.00% | 5.00% | 0.00% | 11.00% | 4.00% |
| 2019 | 47.15% | 23.18% | 3.90% | 0.00% | 11.09% | 4.10% |
| 2020 | 47.45% | 21.52% | 3.10% | 9.51% | 11.31% | 5.10% |
| 2021 | 48.15% | 21.32% | 2.90% | 9.11% | 11.61% | 4.90% |
| 2022 | 43.90% | 23.30% | 3.30% | 10.10% | 10.90% | 5.20% |
| 2023 | 48.60% | 21.60% | 5.10% | 7.20% | 9.30% | 4.90% |
| 2024 | 47.25% | 19.68% | 6.29% | 5.59% | 8.49% | 9.79% |
| 2025 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
Investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -2.30% | 9.50% | Not reported |
| 2002 | -9.30% | 3.50% | Not reported |
| 2003 | 19.90% | 3.80% | 9.20% |
| 2004 | 10.60% | 3.90% | 10.30% |
| 2005 | 6.90% | 4.70% | 8.70% |
| 2006 | 12.70% | 7.70% | 8.60% |
| 2007 | 7.30% | 11.50% | 7.40% |
| 2008 | -28.20% | 0.50% | Not reported |
| 2009 | 19.40% | 1.80% | 2.70% |
| 2010 | 14.20% | 3.30% | 3.80% |
| 2011 | 0.60% | 1.60% | 4.50% |
| 2012 | 12.90% | 1.90% | 6.50% |
| 2013 | 16.10% | 12.30% | 6.20% |
| 2014 | 5.10% | 9.50% | 5.60% |
| 2015 | 1.80% | 9.50% | 5.60% |
| 2016 | 6.30% | 8.40% | 4.60% |
| 2017 | 15.10% | 8.90% | 5.30% |
| 2018 | -5.70% | 4.50% | 8.30% |
| 2019 | 16.60% | 6.70% | 8.10% |
| 2020 | 10.00% | 8.30% | 7.70% |
| 2021 | 13.60% | 9.70% | 9.10% |
| 2022 | -11.40% | 4.10% | 6.50% |
| 2023 | 11.10% | 7.60% | 6.00% |
| 2024 | 9.80% | 6.30% | 6.50% |
| 2025 | Not reported | Not reported | Not reported |