FY 2016 Financial Highlights
- Fiscal year 2016 contributions from the state and employers were $1,647.7 million, an increase of $56.8 million, or 3.6 percent from fiscal year 2015.
- The System's benefit payments were $2,281.8 million, an increase of $120.9 million, or 5.6 percent for fiscal year 2016.
- The System's net position at the end of fiscal year 2016 was $18,831.1 million, a decrease of $385.4 million, or 2.0 percent.
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 2016 Comprehensive Annual Financial Report.
SURS Total State Appropriation by Fiscal Year
*State appropriation was paid in full.
|FY 2017 Appropriation = $1,617,426,000
Received to Date
|FY 2017||Total Received||Total Due||Amount Owned|
|Total at FYE||1,365,461,609||1,671,426,000||305,964,391|
|Total to Date||1,671,426,000||1,671,426,000||0|
|FY 2018 Appropriation = $1,753,685,000
Received to Date
|FY 2018||Total Received||Total Due||Amount Owned|
|Total to Date||74,770,858||438,421,250||363,650,392|