Illinois Teachers Basics

  • Established 1939
  • Currently open to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Illinois Teachers, 2001-2020

Fiscal Year Net Assets (billions)
2001 23.32
2002 22.37
2003 23.12
2004 31.54
2005 34.09
2006 36.58
2007 41.91
2008 38.43
2009 28.50
2010 31.32
2011 37.47
2012 36.52
2013 39.86
2014 45.82
2015 46.41
2016 45.25
2017 49.38
2018 51.97
2019 53.26
2020 52.32

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2020

Fiscal Year Illinois Teachers US State and Local Pensions
2001 2.3 2.7
2002 2.2 2.5
2003 2.1 2.5
2004 2.0 2.3
2005 1.9 2.2
2006 1.8 2.1
2007 1.8 2.1
2008 1.8 2.0
2009 1.8 2.0
2010 1.7 1.9
2011 1.7 1.8
2012 1.6 1.7
2013 1.5 1.7
2014 1.5 1.6
2015 1.4 1.6
2016 1.4 1.6
2017 1.4 1.5
2018 1.3 1.5
2019 1.3 1.5
2020 1.3 1.5

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 Illinois Teachers, 2001-2020

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 12.1 5.0 9.7 17.1
2002 12.7 4.4 9.9 17.1
2003 13.8 6.5 11.3 20.2
2004 15.2 8.4 13.8 23.6
2005 13.1 9.2 14.4 22.3
2006 7.7 13.9 14.4 21.6
2007 10.0 15.2 14.5 25.2
2008 13.7 9.2 14.0 22.9
2009 17.9 5.7 14.3 23.6
2010 24.3 2.5 17.1 26.8
2011 25.2 4.6 18.3 29.8
2012 27.5 9.3 20.3 36.8
2013 30.4 7.7 20.9 38.1
2014 37.8 5.2 20.1 43.0
2015 36.3 6.2 20.4 42.5
2016 39.6 7.1 20.2 46.7
2017 41.5 21.2 21.2 62.7
2018 41.1 28.6 22.9 69.7
2019 43.6 27.5 24.4 71.1
2020 45.3 28.5 24.2 73.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Illinois Teachers, 2001-2020

Fiscal Year Illinois Teachers National Data
2001 59.5 91.0
2002 52.0 82.6
2003 49.3 77.3
2004 61.9 78.4
2005 60.8 77.2
2006 62.0 78.0
2007 63.8 80.7
2008 56.0 78.7
2009 52.1 70.1
2010 48.4 66.7
2011 46.5 65.8
2012 42.1 63.3
2013 40.6 63.7
2014 40.6 64.7
2015 42.0 65.1
2016 39.8 63.1
2017 40.2 63.8
2018 40.7 63.6
2019 40.6 64.1
2020 40.5 64.5

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.

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Investments

Asset Allocation for Illinois Teachers, 2020

Category Percent
Equities 32.9
Fixed Income 25.2
Private Equity 12.6
Real Estate 15.0
Cash 2.8
Other 0.0
Commodities 0.7
Hedge Fund 10.8
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2020

Category Percent
Equities 46.4
Fixed Income 23.3
Private Equity 9.3
Real Estate 8.8
Cash 2.4
Other 0.1
Commodities 1.8
Hedge Fund 6.4
Misc. Alternatives 1.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Illinois Teachers, 2001-2020

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 51.5 35.0 3.0 10.5 0.0 0.0 0.0 0.0 0.0
2002 49.6 37.8 2.7 9.9 0.0 0.0 0.0 0.0 0.0
2003 60.0 26.6 2.9 10.5 0.0 0.0 0.0 0.0 0.0
2004 64.6 24.2 2.7 8.5 0.0 0.0 0.0 0.0 0.0
2005 61.9 24.4 3.2 10.5 0.0 0.0 0.0 0.0 0.0
2006 61.2 23.8 4.2 10.8 0.0 0.0 0.0 0.0 0.0
2007 62.1 18.8 4.6 11.3 0.0 0.0 2.0 1.2 0.0
2008 54.6 17.3 6.3 12.5 0.0 0.0 8.0 1.3 0.0
2009 50.3 20.1 8.2 11.9 0.0 0.0 7.0 2.5 0.0
2010 47.9 18.4 9.5 10.4 0.0 0.0 9.9 3.9 0.0
2011 47.2 18.5 9.7 10.8 0.0 0.0 9.8 4.0 0.0
2012 43.9 17.2 11.5 12.5 0.0 0.0 9.4 5.5 0.0
2013 43.9 18.0 11.9 12.0 0.0 0.0 8.9 5.3 0.0
2014 42.8 18.9 11.1 12.4 0.0 0.0 9.0 5.8 0.0
2015 40.9 18.0 11.6 13.6 0.0 0.0 8.4 7.5 0.0
2016 36.5 20.6 12.3 15.5 0.0 0.0 7.8 7.3 0.0
2017 36.5 21.5 13.2 16.8 0.0 0.0 5.7 6.3 0.0
2018 35.9 20.7 13.2 14.0 2.3 0.0 2.5 11.4 0.0
2019 34.4 24.8 13.7 14.0 1.7 0.0 1.0 10.4 0.0
2020 32.9 25.2 12.6 15.0 2.8 0.0 0.7 10.8 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Illinois Teachers, 2001-2020

Fiscal Year Illinois Teachers Assumed return
2001 -4.20 8.50
2002 -3.20 8.50
2003 4.90 8.50
2004 16.50 8.50
2005 10.80 8.50
2006 11.80 8.50
2007 19.20 8.50
2008 -5.00 8.50
2009 -22.70 8.50
2010 12.90 8.50
2011 23.60 8.50
2012 0.80 8.00
2013 12.80 8.00
2014 17.40 7.50
2015 4.00 7.50
2016 0.01 7.00
2017 12.60 7.00
2018 8.50 7.00
2019 5.20 7.00
2020 0.60 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)
Illinois Teachers
2001-2020

Fiscal Year Cash Flow Assets
2001 -150.5 23,315.6
2002 -225.4 22,366.3
2003 -302.3 23,124.8
2004 3,934.2 31,544.7
2005 -789.5 34,085.2
2006 -1,493.6 36,584.9
2007 -1,506.9 41,909.3
2008 -1,463.7 38,430.7
2009 -1,244.7 28,497.7
2010 -853.6 31,323.8
2011 -1,087.1 37,471.3
2012 -1,178.5 36,516.8
2013 -1,219.8 39,858.8
2014 -816.4 45,824.4
2015 -1,188.0 46,406.9
2016 -1,111.9 45,251.0
2017 -1,395.7 49,375.7
2018 -1,455.4 51,969.5
2019 -1,324.6 53,262.8
2020 -1,222.0 52,316.5

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Illinois Teachers
2001-2020

Fiscal Year Illinois Teachers National Average
2001 -0.6 -0.9
2002 -1.0 -1.5
2003 -1.3 -1.6
2004 12.5 -0.5
2005 -2.3 -2.0
2006 -4.1 -2.1
2007 -3.6 -2.1
2008 -3.8 -1.9
2009 -4.4 -3.4
2010 -2.7 -3.3
2011 -2.9 -3.2
2012 -3.2 -3.8
2013 -3.1 -3.8
2014 -1.8 -3.4
2015 -2.6 -3.2
2016 -2.5 -3.4
2017 -2.8 -2.9
2018 -2.8 -2.8
2019 -2.5 -2.3
2020 -2.3 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for Illinois Teachers benefit descriptions.