Legal Disclaimers

The property tax calculator is for illustrative purposes only. These figures assume that property taxes would be assessed to pay the cost of actuarially funding PABF, LABF, MEABF, FABF, CTPF and PEABF, consistent with the framework set forth in SB3538. SB3538 sets forth 40-year actuarial funding to 90% of the projected liability at an 8% actuarially assumed rate of return. These figures assume no further changes are made to benefit or funding approach set forth in State law for any of the funds. These figures are provided solely to provide an understanding of the financial realities facing the pension plans and not as a statement of policy direction by the City of Chicago."

The ticker clock is for illustrative purposes only. These figures approximate the growth in the unfunded liabilities of PABF, LABF, MEABF, FABF, CTPF, and PBEAF consistent with the framework set forth in HB 1946 and SB3538. These figures assumes no further policy changes are made to benefits or funding approach for any of the funds. These figures are provided solely to provide an understanding of the financial realities facing the pension plans and not as a statement of policy direction by the City of Chicago."

The City of Chicago (the "City") is pleased to present certain information concerning the pension plans of the City, the Chicago Park District, and the Chicago Public Schools. Please keep in mind that information presented on this site only speaks as of the date it was posted, or, if such information is dated, as of its date.  

Where information is presented that has come from sources other than the City, the City only presents that information for convenience. The City does not undertake to verify any of that information. Links to other web sites similarly do not constitute any presentation by the City, and, of course, the City takes no responsibility for them.

The information on this site has not been prepared to give information for making decisions on buying or selling securities and should not be relied upon by investors in making investment decisions. With respect to any bonds, notes or other obligations of the City, please refer for information only to the City's ordinances and notifications of sale and the related disclosure documents, if any, or continuing disclosure filings, if any, for such bonds, notes or other obligations.

The information on this site is provided for illustrative purposes only. It is not a summary or a compilation of all information relevant to any particular financial transactions, bonds, notes or other obligations. It does not purport to include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to any financial transactions, bonds, notes or other obligations within the meaning of applicable securities laws and regulations. There is no assurance that the information contained on this site does not contain typographical or other errors which may have occurred in converting the original source document or other source materials to electronic format. Investment decisions should be made only after full review of an official statement or other disclosure document and other relevant documents and matters in connection with a particular issue of bonds, notes or other obligations.

The City disclaims any responsibility or liability for any damage caused by viruses contained within the files on or referenced in this site.

All information on this site has been furnished or obtained by the City from sources believed to be accurate and reliable but is not guaranteed. Due to the possibility of human and mechanical error as well as other factors, the information in this site is provided "as is" without warranty of any kind, including, but not limited to implied warranties of merchantability, fitness for a particular purpose, freedom from contamination by computer viruses, and non-infringement of proprietary rights.  

Neither the City, nor any of its agencies nor any of its officers or employees, shall be held liable for any use of the information described and/or contained in this site. In no event shall the City or its agencies, officers or employees be liable for any direct, indirect, incidental, special, exemplary or consequential damages however caused and on any theory of liability, whether in contract, strict liability or tort (including negligence or otherwise) arising in any way out of the use of this site, even if advised of the possibility of such damage. This disclaimer of liability applies to any and all damages and injuries, including, but not limited to those caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft or destruction or unauthorized access to, alteration of, or use of any record, whether for breach of contract, tortious behavior, negligence or under any other cause of action. This disclaimer applies to both isolated and aggregate uses of the information in this site.

Due to the dynamic nature of the Internet, the location of items may change as menus, homepages, and files are reorganized. If you obtain any information from this site from any source other than this site, please be aware that electronic data can be altered subsequent to original distribution. 

The documents and related graphics contained in this site may contain technical inaccuracies or typographical errors. Changes may be periodically made at any time to the information on this site.

Choice of Law

Construction of the disclaimers above and resolution of disputes regarding such disclaimers are governed by the laws of the State of Illinois, U.S.A.. The laws of the State of Illinois, U.S.A., shall apply to all uses of this site and the information contained in this site. By viewing this site and the information contained in this site, the viewer agrees that such viewing and use shall conform to all applicable laws and regulations and that the viewer shall not violate the rights of any third parties and agrees to all of the terms, conditions and provisions set forth above under "Disclaimer" and "Choice of Law."