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As of August 01, 2026, the average salary for a Pension Analyst in Illinois is $63,786 per year, which breaks down to an hourly rate of $31.
However, a Pension Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Pension Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,275 | $6,190 | $1,428 | $36 |
| Average | $63,786 | $5,316 | $1,227 | $31 |
| 25th Percentile | $57,112 | $4,759 | $1,098 | $27 |
Local 4 SEIU Health & Welfare Fund - Chicago, IL
Jepsen Investments, Inc - Schaumburg, IL
Compu-Vision - South - Chicago, IL
Compu-Vision - South - Aurora, IL
A Pension Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Pension Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Pension Analyst | $60,886 |
| Intermediate Level Pension Analyst | $61,080 |
| Senior Level Pension Analyst | $63,015 |
| Specialist Level Pension Analyst | $66,871 |
| Expert Level Pension Analyst | $68,414 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Pension Analysts. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Pension Analyst roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 20% above the average. Conversely, Pension Analyst positions in Business Services typically offer lower base pay, as this sector often view Pension Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $76,544 | $37.0 | 20% |
Understanding how a Pension Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $74,275 | $6,190 | $1,428 | $36 |
| Average | $63,786 | $5,316 | $1,227 | $31 |
| 25th Percentile | $57,112 | $4,759 | $1,098 | $27 |
Ready to take the next step in your career? Browse thousands of current Pension Analyst job openings on our job board. Use the search bar below to find your perfect match.
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