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Financial Highlights and Funding

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Financial Highlights

  • Fiscal year 2018 contributions from the state and employers were $1,677.3 million, a decrease of $40.1 million, or 2.3% from fiscal year 2017.
  • The System's benefit payments were $2,497.9 million, an increase of $114.1 million, or 4.8% for fiscal year 2018.
  • The System's return on investment, net of investment management fees, was 8.2% for fiscal year 2018.
  • The System's net position at the end of fiscal year 2018 was $21.8 billion, an increase of $1.1 billion or 5.6%.

Image with Fiscal Year Graph ClipArtFunding

SURS receives funding from three key sources: employer contributions, employee contributions and investments.

The employer contribution is mostly made by the state of Illinois. A university or community college may pay the employer normal cost, or the cost of pension benefits accrued by an employee in a given year, when an employee is paid from federal, trust or other non-state funds.

Since fiscal year 1996, the state contribution has been made as a direct appropriation to SURS. It is a separate appropriation from the state's appropriations to universities and community colleges for their operating expenses.

For more information, view the SURS Funding Fact Sheet or SURS FY 2018 Comprehensive Annual Financial Report.


SURS Total State Appropriation by Fiscal Year

*State appropriation was paid in full.

Total to Date88,324,884309,115,334220,790,451

FY 2020 Appropriation = $1,854,692,000
Received to Date
FY 2019 Total Received Total Due Amount Owed
July 77,698,584 154,557,667 76,859,084
August 10,626,300 154,557,667 143,931,367

 

Total FY 2019 Appropriation 1,655,154,000 Paid in full July 30, 2019
Total FY 2018 Appropriation 1,629,307,606 Paid in full July 12, 2018
Total FY 2017 Appropriation 1,671,426,000 Paid in full September 22, 2017
Total FY 2016 Appropriation 1,601,480,000 Paid in full August 26, 2016
Total FY 2015 Appropriation 1,544,200,000 Paid in full August 26, 2015
Total FY 2014 Appropriation 1,509,766,000 Paid in full July 30, 2014
Total FY 2013 Appropriation 1,402,800,000 Paid in full July 30, 2013