Illinois Universities Basics

  • Established 1941
  • 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 Universities, 2001-2019

Fiscal Year Net Assets (billions)
2001 10.75
2002 9.81
2003 9.71
2004 12.59
2005 13.35
2006 14.18
2007 15.99
2008 14.59
2009 11.03
2010 12.12
2011 14.27
2012 13.71
2013 15.04
2014 17.39
2015 17.46
2016 17.01
2017 18.48
2018 19.32
2019 19.72

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Illinois Universities US State and Local Pensions
2001 2.4 2.7
2002 2.3 2.5
2003 2.2 2.5
2004 2.1 2.3
2005 2.0 2.2
2006 1.9 2.1
2007 1.9 2.1
2008 1.8 2.0
2009 1.8 2.0
2010 1.7 1.9
2011 1.6 1.8
2012 1.5 1.7
2013 1.4 1.7
2014 1.4 1.6
2015 1.3 1.6
2016 1.2 1.6
2017 1.2 1.5
2018 1.1 1.5
2019 1.1 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 Universities, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 10.0 3.2 9.7 13.2
2002 9.8 6.9 9.9 16.8
2003 10.3 11.3 11.3 21.6
2004 62.5 0.0 13.8 24.6
2005 9.7 11.0 14.4 20.7
2006 5.9 15.8 14.4 21.7
2007 8.2 14.0 14.5 22.2
2008 10.4 11.0 14.0 21.4
2009 13.0 12.2 14.3 25.2
2010 20.0 8.8 17.1 28.7
2011 22.4 14.0 18.3 36.4
2012 28.4 13.2 20.3 41.5
2013 39.7 4.2 20.9 43.8
2014 42.7 1.6 20.1 44.3
2015 42.4 2.6 20.4 45.0
2016 45.0 6.5 20.2 51.6
2017 47.7 6.2 21.2 53.9
2018 46.3 7.3 22.9 53.7
2019 46.8 17.0 24.5 63.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Illinois Universities, 2001-2019

Fiscal Year Illinois Universities National Data
2001 72.1 91.0
2002 58.9 82.6
2003 53.9 77.3
2004 66.0 78.4
2005 65.6 77.2
2006 65.4 78.0
2007 68.4 80.7
2008 58.5 78.7
2009 54.3 70.1
2010 46.4 66.7
2011 44.3 65.8
2012 42.1 63.3
2013 41.5 63.7
2014 42.3 64.7
2015 43.3 65.1
2016 43.3 63.1
2017 44.4 63.8
2018 42.8 63.6
2019 42.3 64.2

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 Universities, 2019

Category Percent
Equities 49.8
Fixed Income 27.9
Private Equity 7.1
Real Estate 8.7
Cash 0.0
Other 0.0
Commodities 1.9
Hedge Fund 4.6
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Illinois Universities, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 62.0 30.0 3.0 3.0 0.0 0.0 0.0 2.0 0.0
2002 58.0 31.0 3.0 3.0 0.0 0.0 0.0 5.0 0.0
2003 58.0 30.0 3.0 2.0 0.0 0.0 0.0 6.0 0.0
2004 65.0 28.0 2.0 2.0 0.0 0.0 0.0 3.0 0.0
2005 62.4 27.7 3.0 5.0 0.0 0.0 0.0 2.0 0.0
2006 62.0 22.0 4.0 7.0 0.0 0.0 0.0 2.0 0.0
2007 62.4 23.8 5.9 5.9 0.0 0.0 0.0 2.0 0.0
2008 59.0 27.0 8.0 6.0 0.0 0.0 0.0 0.0 0.0
2009 60.4 25.7 8.9 5.0 0.0 0.0 0.0 0.0 0.0
2010 57.3 26.6 8.9 6.2 0.0 0.0 0.0 1.0 0.0
2011 60.4 23.5 8.1 6.7 0.0 0.0 0.0 1.3 0.0
2012 58.0 25.0 8.3 7.2 0.0 0.0 0.0 1.5 0.0
2013 61.9 23.9 7.2 6.5 0.0 0.0 0.0 0.5 0.0
2014 62.9 23.1 6.1 7.5 0.0 0.0 0.0 0.4 0.0
2015 56.1 27.2 5.6 8.7 0.0 0.0 2.0 0.4 0.0
2016 52.4 27.0 5.4 9.9 0.0 0.0 1.9 3.4 0.0
2017 52.2 25.6 5.2 9.6 0.0 0.0 1.8 5.6 0.0
2018 51.0 26.3 5.7 9.4 0.0 0.0 2.0 5.6 0.0
2019 49.8 27.9 7.1 8.7 0.0 0.0 1.9 4.6 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Illinois Universities, 2001-2019

Fiscal Year Illinois Universities Assumed return
2001 -8.80 8.50
2002 -6.10 8.50
2003 2.90 8.50
2004 17.00 8.50
2005 10.40 8.50
2006 11.70 8.50
2007 18.30 8.50
2008 -4.50 8.50
2009 -19.70 8.50
2010 15.00 7.75
2011 23.80 7.75
2012 0.50 7.75
2013 12.50 7.75
2014 18.20 7.25
2015 2.90 7.25
2016 0.20 7.25
2017 12.20 7.25
2018 8.20 6.75
2019 6.00 6.75

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 Universities
2001-2019

Fiscal Year Cash Flow Assets
2001 -254.5 10,753.3
2002 -287.3 9,814.7
2003 -350.5 9,714.5
2004 1,039.4 12,586.3
2005 -515.6 13,350.3
2006 -707.2 14,175.1
2007 -706.9 15,985.7
2008 -723.7 14,586.3
2009 -702.7 11,033.0
2010 -565.3 12,121.5
2011 -648.6 14,274.0
2012 -577.9 13,705.1
2013 -362.8 15,037.1
2014 -313.7 17,391.3
2015 -431.6 17,463.0
2016 -474.4 17,005.6
2017 -515.1 18,484.8
2018 -663.6 19,321.1
2019 -733.5 19,717.3

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Illinois Universities
2001-2019

Fiscal Year Illinois Universities National Average
2001 -2.4 -0.9
2002 -2.9 -1.5
2003 -3.6 -1.6
2004 8.3 -0.5
2005 -3.9 -2.0
2006 -5.0 -2.1
2007 -4.4 -2.1
2008 -5.0 -1.9
2009 -6.4 -3.4
2010 -4.7 -3.3
2011 -4.5 -3.2
2012 -4.2 -3.8
2013 -2.4 -3.8
2014 -1.8 -3.4
2015 -2.5 -3.2
2016 -2.8 -3.4
2017 -2.8 -2.9
2018 -3.4 -2.8
2019 -3.7 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Illinois Universities benefit descriptions.