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, 2001-2022

Fiscal Year Net Assets (billions)
2001 5.53
2002 5.22
2003 6.06
2004 6.62
2005 6.96
2006 7.67
2007 8.07
2008 6.07
2009 6.93
2010 7.57
2011 7.44
2012 8.06
2013 8.93
2014 9.07
2015 8.64
2016 9.12
2017 10.41
2018 9.86
2019 11.49
2020 12.65
2021 14.28
2022 12.02

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Cook County ERS US State and Local Pensions
2001 2.3 2.4
2002 2.3 2.3
2003 1.9 2.2
2004 1.9 2.1
2005 1.8 2.1
2006 1.8 2.0
2007 1.6 2.0
2008 1.6 1.9
2009 1.6 1.9
2010 1.5 1.8
2011 1.4 1.7
2012 1.3 1.6
2013 1.3 1.5
2014 1.3 1.4
2015 1.2 1.4
2016 1.2 1.4
2017 1.1 1.4
2018 1.1 1.3
2019 1.0 1.3
2020 1.0 1.3
2021 0.9 1.2
2022 0.9 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Cook County ERS, 2008-2021

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2008 10.3 9.1 11.0 19.4
2009 10.2 13.4 11.0 23.6
2010 9.7 20.7 11.6 30.4
2011 11.0 22.9 13.4 33.9
2012 10.3 26.2 14.1 36.5
2013 10.0 30.2 15.1 40.1
2014 9.6 26.0 15.7 35.7
2015 8.7 29.2 15.7 37.9
2016 26.2 6.6 15.6 32.9
2017 32.6 0.2 15.5 32.8
2018 35.8 0.9 16.2 36.7
2019 31.4 2.3 16.4 33.7
2020 30.4 4.6 16.8 35.0
2021 33.3 9.4 17.4 42.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Cook County ERS, 2001-2022

Fiscal Year Cook County ERS National Data
2001 88.9 101.7
2002 74.7 94.6
2003 67.5 88.8
2004 70.9 87.0
2005 75.8 85.4
2006 75.3 85.2
2007 77.3 86.3
2008 72.6 84.4
2009 63.2 78.4
2010 60.7 75.7
2011 57.5 74.3
2012 53.6 72.3
2013 56.6 71.8
2014 57.5 73.2
2015 55.4 73.2
2016 56.7 71.6
2017 60.1 72.0
2018 60.8 72.4
2019 61.2 72.5
2020 63.9 72.6
2021 67.2 75.8
2022 66.5 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Cook County ERS, 2021

Category Percent
Equities 57.0
Fixed Income 23.0
Private Equity 8.0
Real Estate 6.0
Cash 0.0
Other 0.0
Commodities 0.0
Hedge Fund 6.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2021

Category Percent
Equities 47.2
Fixed Income 21.8
Private Equity 11.3
Real Estate 7.9
Cash 2.1
Other 0.3
Commodities 2.1
Hedge Fund 5.7
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Cook County ERS, 2008-2021

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
2019 57.0 22.0 6.0 6.0 3.0 0.0 0.0 6.0 0.0
2020 56.0 22.0 8.0 6.0 2.0 0.0 0.0 6.0 0.0
2021 57.0 23.0 8.0 6.0 0.0 0.0 0.0 6.0 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Cook County ERS, 2001-2022

Fiscal Year Cook County ERS Assumed return
2001 -0.61 8.00
2002 -6.60 8.00
2003 18.80 8.00
2004 9.30 7.50
2005 4.80 7.50
2006 11.40 7.50
2007 6.30 7.50
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
2019 19.07 7.25
2020 12.74 7.25
2021 17.15 7.00
2022 -13.01 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Cook County ERS
2001-2022

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
2019 -243.0 11,491.0
2020 -310.6 12,649.6
2021 -333.5 14,281.5
2022 -400.4 12,018.7

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Cook County ERS
2001-2022

Fiscal Year Cook County ERS National Average
2001 0.8 -2.3
2002 1.3 -1.0
2003 -0.8 -2.4
2004 -0.3 -2.6
2005 0.2 -2.2
2006 -0.6 -2.2
2007 -1.0 -2.2
2008 -2.4 -2.9
2009 -2.3 -3.2
2010 -2.6 -3.2
2011 -2.9 -3.4
2012 -3.4 -3.3
2013 -3.5 -3.1
2014 -3.9 -2.9
2015 -4.7 -3.1
2016 -1.8 -3.2
2017 -1.1 -2.9
2018 -1.3 -3.1
2019 -2.1 -3.1
2020 -2.5 -2.8
2021 -2.3 -2.5
2022 -3.3 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Cook County ERS benefit descriptions.