State Data » Illinois » Cook County Employees » Cook County ERS

Cook County ERS Basics

  • Established 1926
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Cook County ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 5.5
2002 5.2
2003 6.1
2004 6.6
2005 7.0
2006 7.7
2007 8.1
2008 6.1
2009 6.9
2010 7.6
2011 7.4
2012 8.1
2013 8.9
2014 9.1
2015 8.6
2016 9.1
2017 10.4
2018 9.9

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Cook County ERS US State and Local Pensions
2001 2.3 2.5
2002 2.3 2.4
2003 1.9 2.3
2004 1.9 2.3
2005 1.8 2.2
2006 1.8 2.1
2007 1.6 2.1
2008 1.6 2.1
2009 1.6 2.0
2010 1.5 1.9
2011 1.4 1.7
2012 1.3 1.7
2013 1.3 1.6
2014 1.3 1.5
2015 1.2 1.4
2016 1.2 1.4
2017 1.1 1.3
2018 1.1 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Cook County ERS, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 12.6 3.9 5.0 16.6 16.6
2002 13.4 5.7 4.8 19.1 19.1
2003 14.2 13.7 5.7 27.9 27.9
2004 14.7 18.6 7.3 33.4 33.4
2005 13.7 9.4 9.0 23.2 23.2
2006 14.1 5.9 9.3 20.0 20.0
2007 16.8 4.2 10.0 20.9 20.9
2008 10.3 9.1 10.4 19.4 19.4
2009 10.2 13.4 10.2 23.6 23.6
2010 9.7 20.7 10.5 30.4 30.4
2011 11.0 22.9 12.5 33.9 33.9
2012 10.3 26.2 12.9 36.5 36.5
2013 10.0 30.2 14.0 40.1 40.1
2014 9.6 24.7 14.4 34.3 34.3
2015 8.7 24.1 14.9 32.7 32.7
2016 26.2 9.4 14.8 35.6 35.6
2017 32.6 0.2 15.1 32.8 32.8
2018 35.8 0.9 15.9 36.7 36.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Cook County ERS, 2001-2018

Fiscal Year Cook County ERS National Data
2001 88.9 106.5
2002 74.7 101.1
2003 67.5 94.2
2004 70.9 93.1
2005 75.8 91.1
2006 75.3 90.5
2007 77.3 91.2
2008 72.6 90.2
2009 63.2 83.2
2010 60.7 81.5
2011 57.5 80.4
2012 53.6 78.9
2013 56.6 78.7
2014 57.5 79.0
2015 55.4 78.2
2016 56.7 76.3
2017 60.1 76.4
2018 60.8 76.6

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Cook County ERS, 2018

Category Percent
Equities 53.0
Fixed Income 26.0
Private Equity 5.0
Real Estate 7.0
Cash 2.0
Other 0.0
Commodities 0.0
Hedge Fund 7.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Cook County ERS, 2008-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2008 53.0 42.0 1.0 1.0 3.0 0.0 0.0 0.0 0.0
2009 59.0 36.0 1.0 1.0 3.0 0.0 0.0 0.0 0.0
2010 57.0 35.0 1.0 2.0 5.0 0.0 0.0 0.0 0.0
2011 42.0 38.0 1.0 6.0 13.0 0.0 0.0 0.0 0.0
2012 44.0 31.0 1.0 7.0 8.0 0.0 0.0 9.0 0.0
2013 52.0 24.0 1.0 8.0 6.0 0.0 0.0 9.0 0.0
2014 50.5 24.8 1.0 7.9 6.9 0.0 0.0 8.9 0.0
2015 51.0 24.0 2.0 9.0 5.0 0.0 0.0 9.0 0.0
2016 53.0 23.0 3.0 7.0 7.0 0.0 0.0 7.0 0.0
2017 60.0 21.0 3.0 7.0 3.0 0.0 0.0 6.0 0.0
2018 53.0 26.0 5.0 7.0 2.0 0.0 0.0 7.0 0.0

Source: Public Plans Database


Annual Return as of December 31 for Cook County ERS, 2008-2018

Fiscal Year Cook County ERS Assumed return
2008 -24.50 7.50
2009 18.00 7.50
2010 12.40 7.50
2011 1.20 7.50
2012 12.50 7.50
2013 15.10 7.50
2014 5.90 7.50
2015 -0.10 7.50
2016 7.70 7.50
2017 15.35 7.25
2018 -3.79 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Cook County ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 43.0 5,530.1
2002 70.1 5,221.9
2003 -46.2 6,063.9
2004 -22.4 6,618.9
2005 13.9 6,964.0
2006 -47.8 7,670.8
2007 -82.7 8,069.7
2008 -146.0 6,069.3
2009 -159.5 6,929.5
2010 -196.0 7,574.7
2011 -219.5 7,441.2
2012 -273.2 8,059.9
2013 -316.1 8,927.4
2014 -351.6 9,068.4
2015 -407.8 8,643.0
2016 -160.9 9,115.7
2017 -112.8 10,407.9
2018 -126.9 9,862.0

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Cook County ERS
2001-2018

Fiscal Year Cook County ERS National Average
2001 0.8 -2.0
2002 1.3 -2.7
2003 -0.8 -2.2
2004 -0.3 -1.6
2005 0.2 -2.0
2006 -0.6 -1.9
2007 -1.0 -2.0
2008 -2.4 -3.0
2009 -2.3 -2.6
2010 -2.6 -2.4
2011 -2.9 -2.7
2012 -3.4 -2.6
2013 -3.5 -2.3
2014 -3.9 -2.3
2015 -4.7 -2.7
2016 -1.8 -2.2
2017 -1.1 -2.7
2018 -1.3 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Cook County ERS benefit descriptions.