Dossier
city employee pension funds
Coverage of city employee pension funds in the Nexus archive.
- Chicago ends 2025 with an extra $52 million on the books
Chicago closed 2025 with a $52 million unassigned balance due to spending controls and higher-than-expected revenues, marking a $381 million improvement from 2024. The surplus was reduced by $166 million in retroactive pay raises for firefighters funded through city borrowing, while pension obligations and reserve fund declines remain challenges.