Investor Presentaiton
SEAL
THE STATE
Pension Overview
History of Employer Contributions ($ millions)
• The State provides funding for five systems - the Teachers'
Retirement System, the State Universities Retirement
System, the State Employees' Retirement System, the
Judges' Retirement System and the General Assembly
Retirement System
• Actuarial Assets as of FY 2020 for the 5 systems combined
are $95.6 billion and the Asset Market Value is $92.3 billion
• The State Retirement Systems, in aggregate, were funded at
40.4% as of FY 2020 based on the asset smoothing method
and 39.0% using asset market value; individual percentages
for each fund vary
• The systems are required by statute to be 90% funded by
2045
FY
Amount
Contributed¹
Actuarially
Required
Contribution
Percentage
Contributed
2017
7,803.6
10,422.7
74.9%
2018
7,788.9
11,882.4
65.5%
2019
8,541.5
12,794.5
66.8%
2020
9,191.1
13,475.1
68.2%
Investment Rate of Return Assumptions Used by the
Retirement Systems
2011
2020
TRS
8.50%
7.00%
•FY 2020 State contributions to the retirement systems
totaled $9.2 billion
SURS
7.75%
6.75%
SERS
7.75%
6.75%
• The State has consistently made its statutorily required
contributions to the five retirement systems
GARS
7.00%
6.50%
JRS
7.00%
6.50%
National Median²
7.23%
OF ILLINO
AUG. 96 1818
Notes: Annual Actuarial valuations of the Retirement Systems as of June 30, 2020. Comprehensive Annual Financial Reports of the Retirement Systems for the fiscal years
ending June 30, 2011 and June 30, 2020.
1. Includes all State Funds. TRS also includes local employers and federal funds that count towards the Actuarially Required Contribution (ARC). 2. NASRA Issue Brief: Public
Pension Plan Investment Return Assumptions, February 2021
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