US public pension profile
Chicago Policemen's Annuity Benefit Fund
Funding, investment choices and long-term returns.
Illinois ·Fiscal year 2025
Fiscal year 2025 at a glance
- Assumed investment return
- 6.75%
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 3.7 billion | 25,064 | 70.52% | Not reported |
| 2002 | USD 3.2 billion | 25,078 | 64.60% | Not reported |
| 2003 | USD 3.7 billion | 25,187 | 61.38% | 8.00% |
| 2004 | USD 3.9 billion | 25,377 | 55.91% | 8.00% |
| 2005 | USD 4.0 billion | 25,461 | 50.69% | 8.00% |
| 2006 | USD 4.2 billion | 25,775 | 50.36% | 8.00% |
| 2007 | USD 4.3 billion | 25,883 | 51.48% | 8.00% |
| 2008 | USD 3.0 billion | 25,556 | 48.26% | 8.00% |
| 2009 | USD 3.3 billion | 25,308 | 44.47% | 8.00% |
| 2010 | USD 3.4 billion | 25,118 | 40.38% | 8.00% |
| 2011 | USD 3.2 billion | 24,899 | 36.17% | 8.00% |
| 2012 | USD 3.2 billion | 24,992 | 31.33% | 8.00% |
| 2013 | USD 3.3 billion | 25,320 | 29.70% | 7.75% |
| 2014 | USD 3.1 billion | 25,880 | 26.06% | 7.75% |
| 2015 | USD 3.1 billion | 25,908 | 28.23% | 7.50% |
| 2016 | USD 2.9 billion | Not reported | 23.74% | 7.25% |
| 2017 | USD 3.1 billion | Not reported | 23.71% | 7.25% |
| 2018 | USD 2.9 billion | Not reported | 23.80% | 7.25% |
| 2019 | USD 3.2 billion | Not reported | 22.28% | 6.75% |
| 2020 | USD 3.4 billion | Not reported | 23.12% | 6.75% |
| 2021 | USD 3.8 billion | Not reported | 23.98% | 6.75% |
| 2022 | USD 3.5 billion | Not reported | 23.81% | 6.75% |
| 2023 | USD 3.9 billion | Not reported | 23.37% | 6.75% |
| 2024 | USD 4.3 billion | Not reported | 24.63% | 6.75% |
| 2025 | Not reported | Not reported | Not reported | 6.75% |
Asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2002 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2003 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2004 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2005 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2006 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
| 2007 | 62.44% | 30.57% | 5.10% | 1.60% | 0.00% | 0.10% |
| 2008 | 55.52% | 30.32% | 7.83% | 3.11% | 2.51% | 0.10% |
| 2009 | 63.70% | 22.50% | 6.00% | 3.00% | 3.40% | 0.40% |
| 2010 | 62.00% | 23.00% | 7.00% | 3.00% | 4.00% | 0.00% |
| 2011 | 45.00% | 29.00% | 8.00% | 4.00% | 12.00% | 0.00% |
| 2012 | 46.00% | 26.00% | 8.00% | 4.00% | 13.00% | 1.00% |
| 2013 | 44.55% | 23.76% | 7.92% | 3.96% | 13.86% | 3.96% |
| 2014 | 44.00% | 28.00% | 9.00% | 3.00% | 15.00% | 0.00% |
| 2015 | 47.00% | 26.00% | 9.00% | 3.00% | 13.00% | 0.00% |
| 2016 | 50.75% | 23.58% | 5.59% | 3.20% | 15.29% | 0.70% |
| 2017 | 56.89% | 23.34% | 3.19% | 2.80% | 12.50% | 0.26% |
| 2018 | 47.50% | 22.37% | 4.47% | 3.96% | 16.75% | 0.95% |
| 2019 | 45.92% | 21.26% | 4.43% | 5.07% | 16.68% | 3.58% |
| 2020 | 46.72% | 22.32% | 4.19% | 5.58% | 17.55% | 0.68% |
| 2021 | 56.49% | 18.64% | 4.96% | 4.86% | 12.12% | 0.46% |
| 2022 | 47.75% | 15.38% | 7.99% | 7.49% | 12.39% | 5.19% |
| 2023 | 51.70% | 18.00% | 6.80% | 6.50% | 11.90% | 1.30% |
| 2024 | 53.25% | 17.08% | 7.29% | 5.40% | 11.79% | 1.30% |
| 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 | -4.40% | 8.30% | 9.60% |
| 2002 | -9.30% | 2.70% | 8.00% |
| 2003 | 21.00% | Not reported | Not reported |
| 2004 | 10.80% | Not reported | Not reported |
| 2005 | 7.30% | 4.52% | Not reported |
| 2006 | 12.10% | 7.90% | Not reported |
| 2007 | 8.80% | 11.90% | 7.30% |
| 2008 | -27.80% | 0.90% | 2.50% |
| 2009 | 21.50% | 2.80% | 3.30% |
| 2010 | 12.70% | 3.80% | 4.10% |
| 2011 | 0.80% | 1.60% | 4.70% |
| 2012 | 12.40% | 2.30% | 7.00% |
| 2013 | 14.50% | 12.00% | 6.00% |
| 2014 | 6.20% | 9.00% | 6.00% |
| 2015 | -0.40% | 6.50% | 5.20% |
| 2016 | 6.70% | 7.80% | 4.60% |
| 2017 | 17.15% | 8.65% | 5.40% |
| 2018 | -5.24% | 4.61% | 8.33% |
| 2019 | 4.50% | 5.40% | 9.00% |
| 2020 | 0.81% | 5.00% | 7.62% |
| 2021 | 13.14% | 10.45% | 9.09% |
| 2022 | -10.30% | 4.70% | 6.70% |
| 2023 | 11.80% | 8.30% | 6.40% |
| 2024 | 10.30% | 7.30% | 6.40% |
| 2025 | Not reported | Not reported | Not reported |