Illinois State Pension Systems Numbers Matrix

Illinois – Pension  “NUMBERS MATRIX”  2012
TRS SURS SERS JRS GARS Total
Active members 2012 165,872 81,341 62,729 968 176 311,086
Full Time 133,752 75,142 unknown
Part Time 32,120 6,014 unknown
Inactive Members 2012 121,781 81,341 22,549 15 79 225,765
Retirees& Beneficiaries 2012 105,499 54,532 62,788 1,056 414 224,289
393,152 217,214 148,066 2,039 669 761,140
Total Active, Inactive and Retired>>>>> 761,140
TRS SURS SERS JRS GARS Total
Payroll Billions 2012 9.5 3.4 4.3 0.17 0.014 17.4
Annuities Paid Out Billions 2012 4.7 1.8 1.7 0.11 0.019 8.3
Yearly Increase Number of  Retirees 4,147 3,162 1,391 9 4 8,713
TRS SURS SERS JRS GARS Total
MV Assets Billions 2012 36.5 13.7 10.9 0.6 0.052 61.7
PBO Billions 2012 90.0 33.1 33.0 2.0 0.303 158.4
Unfunded Billions 2012 53.5 19.4 22.1 1.4 0.251 96.7
Per Cent Funded 40.56% 41.39% 33.03% 28.90% 17.16% 38.97%
TRS SURS SERS JRS GARS Total
Employer Contrib. Rate 2012 % 36% 53% 38% 73% 95%
Employer NC Billions 0.84 0.70 0.55 0.04 0.003 2.14
Interest on UAAL Billions 4.28 1.50 1.71 0.11 0.02 7.63
Total Employer Cost 5.12 2.20 2.27 0.15 0.02 9.77
Employer Normal Cost Rate 2012 % 8.84% 19.52% 12.88% 25.58% 21.43%
Employee Contribution 2012 Billions 0.918 0.258 0.259 0.016 0.0016 1.45
Employer minus Employee Cost 4.202 1.946 2.008 0.138 0.021 8.31
Employer Cost % of Employee Contrib. 558% 854% 875% 964% 1403%
Employee Rate 2012 % 9.40 8.00 4.00 11.00 11.50
Assumed Interest Rate/ROI % 8.00 7.75 7.75 7.00 7.00
Assumed Salary Annual Increase % 6.50 5.00 5.50 4.00 4.00
Post-retirement Annual Increase % 3.00 3.00 3.00 3.00 3.00
NOTE 1: Assets, PBO and Unfunded as of 06/30/2012
NOTE 2: Employee Rate Annuity Only no beneficiary
NOTE 3: SURS Police/Fire Employee Rate 8.5%
NOTE 4: SURS Employee Contribution Rate Average all contributors
TRS = Teachers Retirement System
SURS = State University retirement System
SERS= State Employees Retirement System
JRS = Judges Retirement System – Contribution rate 8.5% or 11%
GARS = General Assembly Retirement System – Contribution rate 11.5%