SURS Logo

Financial Highlights and Funding

Printer-friendly versionPDF version

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.

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 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 Owed
July 555,516 139,285,500 138,729,984
August 71,636,749 139,285,500 67,648,751
September 92,778,021 139,285,500 46,507,479
October 76,331,610 139,285,500 62,953,890
November 114,698,196 139,285,500 24,587,304
December 144,413,164 139,285,500 (5,127,664)
January 129,485,411 139,285,500 9,800,089
February 73,202,941 139,285,500 66,082,559
March 134,634,500 139,285,500 4,651,000
April 139,308,500 139,285,500 (23,000)
May 229,303,500 139,285,500 (90,018,000)
June 159,113,500 139,285,500 (19,828,000)
Total at FYE 1,365,461,609 1,671,426,000 305,964,391
July 226,860,797    
August -                  
September 79,103,594    
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 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 146,183,625 146,140,417 (272,350)
Total to Date 221,183,625 584,561,667 363,378,042