- Fiscal year 2020 contributions from the state and employers were $1,917.0 million, an increase of $203.8 million, or 11.9% from fiscal year 2019.
- The System's benefit payments were $2,744.1 million, an increase of $126.9 million, or 4.8% for fiscal year 2020.
- The System's return on investment, net of investment management fees, was 2.6% for fiscal year 2020.
- TThe System's net position at the end of fiscal year 2020 was $22.6 billion, an increase of $193.2 million or 0.9%.
SURS receives funding from three key sources: employer contributions, employee contributions and investments.
The employer contribution is mostly made by the state of Illinois. A university or community college may pay the employer normal cost, or the cost of pension benefits accrued by an employee in a given year, when an employee is paid from federal, trust or other non-state funds.
Since fiscal year 1996, the state contribution has been made as a direct appropriation to SURS. It is a separate appropriation from the state's appropriations to universities and community colleges for their operating expenses.
SURS Total State Appropriation by Fiscal Year
*State appropriation was paid in full.
|FY 2021 Appropriation = $1,995,767,000
Received to Date
|FY 2021||Total Received||Total Due||Amount Owed|
|Total FY 2020 Appropriation||1,854,692,000||Paid in full July 7, 2020|
|Total FY 2019 Appropriation||1,655,154,000||Paid in full July 31, 2019|
|Total FY 2018 Appropriation||1,629,307,606||Paid in full July 12, 2018|
|Total FY 2017 Appropriation||1,671,426,000||Paid in full September 22, 2017|
|Total FY 2016 Appropriation||1,601,480,000||Paid in full August 26, 2016|
|Total FY 2015 Appropriation||1,544,200,000||Paid in full August 26, 2015|
|Total FY 2014 Appropriation||1,509,766,000||Paid in full July 30, 2014|
|Total FY 2013 Appropriation||1,402,800,000||Paid in full July 30, 2013|