Illinois Municipal Basics

  • Established 1941
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Illinois Municipal, 2001-2018

Fiscal Year Net Assets (billions)
2001 15.0
2002 13.5
2003 16.4
2004 18.3
2005 19.9
2006 22.5
2007 24.2
2008 18.0
2009 22.3
2010 25.1
2011 24.8
2012 28.0
2013 33.3
2014 34.9
2015 34.5
2016 36.5
2017 41.4
2018 38.8

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Illinois Municipal US State and Local Pensions
2001 2.3 2.5
2002 2.2 2.4
2003 2.2 2.3
2004 2.1 2.3
2005 2.1 2.2
2006 2.1 2.1
2007 2.0 2.1
2008 2.0 2.1
2009 1.9 2.0
2010 1.8 1.9
2011 1.7 1.7
2012 1.6 1.7
2013 1.6 1.6
2014 1.6 1.5
2015 1.5 1.4
2016 1.4 1.4
2017 1.4 1.3
2018 1.3 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 Illinois Municipal, 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 7.0 0.0 5.0 7.0 7.0
2002 6.2 0.0 4.8 6.2 6.2
2003 6.5 0.0 5.7 6.5 6.5
2004 8.8 0.0 7.3 8.8 8.8
2005 10.1 0.0 9.0 10.1 10.1
2006 10.7 0.0 9.3 10.7 10.7
2007 10.1 0.0 10.0 10.1 10.1
2008 10.1 0.0 10.4 10.1 10.1
2009 10.2 0.0 10.2 10.2 10.2
2010 11.0 1.1 10.5 12.1 12.1
2011 11.8 0.6 12.5 12.5 12.5
2012 13.3 0.3 12.9 13.6 13.6
2013 14.0 0.1 14.0 14.1 14.1
2014 13.7 0.0 14.4 13.7 13.7
2015 13.0 0.0 14.9 13.0 13.0
2016 13.3 0.0 14.8 13.3 13.3
2017 12.7 0.0 15.1 12.7 12.7
2018 12.9 0.0 15.9 12.9 12.9

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Illinois Municipal, 2001-2018

Fiscal Year Illinois Municipal National Data
2001 106.4 106.5
2002 101.5 101.1
2003 97.6 94.2
2004 94.3 93.1
2005 94.6 91.1
2006 95.3 90.5
2007 96.1 91.2
2008 84.3 90.2
2009 83.2 83.2
2010 83.3 81.5
2011 83.0 80.4
2012 84.3 78.9
2013 87.6 78.7
2014 87.3 79.0
2015 88.4 78.2
2016 88.9 76.3
2017 92.9 76.4
2018 90.0 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 Illinois Municipal, 2018

Category Percent
Equities 57.6
Fixed Income 29.5
Private Equity 0.0
Real Estate 7.2
Cash 1.7
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 4.0

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 Illinois Municipal, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 55.5 33.2 0.0 3.8 4.3 0.0 0.0 0.0 3.2
2002 50.7 38.3 0.0 4.2 3.4 0.0 0.0 0.0 3.4
2003 58.4 30.9 0.0 3.5 4.0 0.0 0.0 0.0 3.1
2004 61.4 30.1 0.0 3.4 2.0 0.0 0.0 0.0 3.1
2005 60.5 30.3 0.0 3.5 2.6 0.0 0.0 0.0 3.1
2006 59.4 31.9 0.0 3.0 2.5 0.0 0.0 0.0 3.2
2007 57.1 33.4 0.0 2.5 3.2 0.0 0.0 0.0 3.8
2008 44.4 44.2 0.0 2.8 3.9 0.0 0.0 0.0 4.7
2009 63.5 27.6 0.0 1.8 3.0 0.0 0.0 0.0 4.1
2010 64.3 27.7 0.0 1.8 2.4 0.0 0.0 0.0 3.8
2011 61.3 28.4 0.0 2.9 3.4 0.0 0.0 0.0 4.0
2012 60.3 30.1 0.0 2.8 2.3 0.0 0.0 0.0 4.5
2013 64.6 26.0 0.0 3.3 2.4 0.0 0.0 0.0 3.7
2014 63.2 26.1 0.0 4.3 1.9 0.0 0.0 0.0 4.5
2015 61.4 28.3 0.0 5.2 0.6 0.0 0.0 0.0 4.5
2016 62.1 28.2 0.0 5.5 0.4 0.0 0.0 0.0 3.8
2017 62.8 26.2 0.0 6.2 1.6 0.0 0.0 0.0 3.2
2018 57.6 29.5 0.0 7.2 1.7 0.0 0.0 0.0 4.0

Source: Public Plans Database


Annual Return as of December 31 for Illinois Municipal, 2001-2018

Fiscal Year Illinois Municipal Assumed return
2001 -6.08 7.50
2002 -8.72 7.50
2003 22.56 7.50
2004 12.38 7.50
2005 8.49 7.50
2006 13.60 7.50
2007 8.28 7.50
2008 -24.97 7.50
2009 24.28 7.50
2010 13.36 7.50
2011 -0.50 7.50
2012 13.51 7.50
2013 19.99 7.50
2014 5.76 7.50
2015 0.20 7.50
2016 7.77 7.50
2017 15.73 7.50
2018 -4.41 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Illinois Municipal
2001-2018

Fiscal Year Cash Flow Assets
2001 -87.4 14,966.2
2002 -140.1 13,500.7
2003 -140.0 16,356.8
2004 -68.2 18,299.3
2005 -34.3 19,872.8
2006 -32.9 22,507.6
2007 -83.5 24,223.5
2008 -105.0 18,022.1
2009 -142.8 22,302.8
2010 -137.5 25,141.9
2011 -211.9 24,837.1
2012 -234.4 27,996.3
2013 -295.9 33,283.6
2014 -418.0 34,867.0
2015 -555.2 34,513.1
2016 -663.1 36,514.9
2017 -820.0 41,413.2
2018 -913.7 38,751.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Illinois Municipal
2001-2018

Fiscal Year Illinois Municipal National Average
2001 -0.6 -2.0
2002 -1.0 -2.7
2003 -0.9 -2.2
2004 -0.4 -1.6
2005 -0.2 -2.0
2006 -0.1 -1.9
2007 -0.3 -2.0
2008 -0.6 -3.0
2009 -0.6 -2.6
2010 -0.5 -2.4
2011 -0.9 -2.7
2012 -0.8 -2.6
2013 -0.9 -2.3
2014 -1.2 -2.3
2015 -1.6 -2.7
2016 -1.8 -2.2
2017 -2.0 -2.7
2018 -2.4 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Illinois Municipal benefit descriptions.