For 2014, the Cook County Fund’s assets were valued at $8.8 billion on an actuarial basis with liabilities of $15.3 billion, resulting in an unfunded liability of $6.5 billion (or 57.51%). The Forest Preserve District Fund’s assets were valued at $189.9 million on an actuarial basis with liabilities of $315.2 million, resulting in an unfunded liability of $125.3 million (or 60.25%).

The results presented here were prepared by the funds’ actuary, Buck Consultants, LLC, in association with the 2014 valuation. The actuary projects that in the absence of an actuarially based funding policy the plans’ assets will deplete in approximately 24 years. The actuary estimates that the statutory employer contribution for 2014 represents only 30% of the actuarially required amount, a shortfall of $449 million.