SURS of Illinois administers pension and other benefits for colleges and universities throughout the state. The system offers participants their choice of a traditional defined benefit plan and a defined contribution option, known as a self-managed plan.
Illinois State Universities Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Illinois Universities |
22,523.1 |
243,316 |
| Other Plans |
0 |
0 |
| Total |
22,523.1 |
243,316 |
Source: Public Plans Database (as of 2022)
Note: Illinois State Universities Retirement System has 0 other plans.
Assets
Assets at Year-End
Illinois State Universities Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
10.8 |
| 2002 |
9.8 |
| 2003 |
9.7 |
| 2004 |
12.6 |
| 2005 |
13.4 |
| 2006 |
14.2 |
| 2007 |
16.0 |
| 2008 |
14.6 |
| 2009 |
11.0 |
| 2010 |
12.1 |
| 2011 |
14.3 |
| 2012 |
13.7 |
| 2013 |
15.0 |
| 2014 |
17.4 |
| 2015 |
17.5 |
| 2016 |
17.0 |
| 2017 |
18.5 |
| 2018 |
19.3 |
| 2019 |
19.7 |
| 2020 |
19.6 |
| 2021 |
23.8 |
| 2022 |
22.5 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Illinois State Universities Retirement System |
US State and Local Pensions |
| 2001 |
2.4 |
2.4 |
| 2002 |
2.3 |
2.3 |
| 2003 |
2.2 |
2.2 |
| 2004 |
2.1 |
2.1 |
| 2005 |
2.0 |
2.1 |
| 2006 |
1.9 |
2.0 |
| 2007 |
1.9 |
2.0 |
| 2008 |
1.8 |
1.9 |
| 2009 |
1.8 |
1.9 |
| 2010 |
1.7 |
1.8 |
| 2011 |
1.6 |
1.7 |
| 2012 |
1.5 |
1.6 |
| 2013 |
1.4 |
1.5 |
| 2014 |
1.4 |
1.4 |
| 2015 |
1.3 |
1.4 |
| 2016 |
1.2 |
1.4 |
| 2017 |
1.2 |
1.4 |
| 2018 |
1.1 |
1.3 |
| 2019 |
1.1 |
1.3 |
| 2020 |
1.1 |
1.3 |
| 2021 |
1.0 |
1.2 |
| 2022 |
1.0 |
1.2 |
2022 Membership for Illinois State Universities Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 73,307 |
71,458 |
null |
243,316 |
65 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Illinois State Universities Retirement System
2001-2022
| 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 |
| 2020 |
-642.5 |
19,617.0 |
| 2021 |
-611.7 |
23,768.3 |
| 2022 |
-559.6 |
22,523.1 |
2022 Cash Flows for Illinois State Universities Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 2,425.1 |
2,984.7 |
-685.6 |
-1,245.2 |
Cash Flow as a Percentage of Assets
Illinois State Universities Retirement System
2001-2022
| Fiscal Year |
Illinois State Universities Retirement System |
National Average |
| 2001 |
-2.4 |
-2.1 |
| 2002 |
-2.9 |
-2.4 |
| 2003 |
-3.6 |
-2.6 |
| 2004 |
8.3 |
-2.0 |
| 2005 |
-3.9 |
-2.2 |
| 2006 |
-5.0 |
-2.2 |
| 2007 |
-4.4 |
-2.1 |
| 2008 |
-5.0 |
-2.3 |
| 2009 |
-6.4 |
-3.1 |
| 2010 |
-4.7 |
-3.2 |
| 2011 |
-4.5 |
-3.1 |
| 2012 |
-4.2 |
-3.3 |
| 2013 |
-2.4 |
-3.1 |
| 2014 |
-1.8 |
-2.9 |
| 2015 |
-2.5 |
-2.8 |
| 2016 |
-2.8 |
-3.0 |
| 2017 |
-2.8 |
-2.9 |
| 2018 |
-3.4 |
-2.6 |
| 2019 |
-3.7 |
-2.6 |
| 2020 |
-3.3 |
-2.4 |
| 2021 |
-2.6 |
-2.1 |
| 2022 |
-2.5 |
-2.1 |
