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Financial Highlights and Funding

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FY 2017 Financial Highlights

  • Fiscal year 2017 contributions from the state and employers were $1,717.5 million, an increase of $69.8 million, or 4.2 percent from fiscal year 2016.
  • The System's benefit payments were $2,383.8 million, an increase of $102.0 million, or 4.5 percent.
  • The System’s return on investment, net of investment management fees, was 12.2 percent.
  • The System's net position at the end of fiscal year 2017 was $20.7 billion, an increase of $1.8 billion or 9.7 percent.

Image with Fiscal Year Graph ClipArtFunding

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.

For more information, view the SURS Funding Fact Sheet or SURS FY 2017 Comprehensive Annual Financial Report.


SURS Total State Appropriation by Fiscal Year

*State appropriation was paid in full.

FY 2018 Appropriation = $1,629,307,606
Received to Date
FY 2018 Total Received Total Due Amount Owed
July 683,300 146,140,417 145,457,117
August 644,000 146,140,417 145,496,417
September 73,443,558 146,140,417 72,696,585
October 146,412,767 146,140,417 (272,350)
November 161,125,917 146,140,417 (14,985,500)
December 171,039,417 146,140,417 (24,899,000)
January 264,001,583 125,410,851 (138,590,732)
February 819,000 125,410,851 124,591,851
March 123,497,384 125,410,851 1,913,467
April 127,043,003 125,410,851 (1,632,152)
May 234,907,351 125,410,851 (109,496,500)
June 251,002,992 125,410,851 (125,592,141)
Total to Date 1,554,620,272 1,629,307,606 74,687,334

FY 2017 Appropriation Paid in Full - $1,671,426,000
Proposed FY 2019 Appropriation - $1,655,154,000