S U R S · SURS serves more than 60 employers in Illinois. Our employing agencies include public...

ALL ABOUT SURS

S U R SSTATE UNIVERSITIES RETIREMENT SYSTEM

TABLE OF CONTENTS

Who is SURS? ........................................................................................................................................................ 1 Membership SURS Members Do Not Participate In Social Security BenefitsPaid BoardofTrustees

Employers ............................................................................................................................................................... 2

SURS Retirement Plans .......................................................................................................................................... 3DefinedBenefitPlans SURSTraditionalBenefitPackage SURSPortableBenefitPackageDefinedContributionPlan SURSSelf-ManagedPlan(SMP)PublicAct96-889PublicAct98-599PublicAct100-23

RetiringReciprocally .............................................................................................................................................. 4

RetirementChartfortheDefinedBenefitandSelf-ManagedPlans ....................................................................... 5

LegislationPassedinFiscalYear2018 ................................................................................................................6-7PublicAct100-0587

HistoryofStateContributions ............................................................................................................................... 8SURSCashFlow

FiscalYear2019Contribution ................................................................................................................................ 9ConsequencesofUnderfundingHistoricalFundingRatios

ProjectionofFutureContributions ....................................................................................................................... 10

InvestmentProgramHistory ................................................................................................................................. 11HowHasSURSDoneinRelationtotheMarketsandtoItsPeers?AssetAllocationChart

IllinoisLegislativeDistrictsMap .......................................................................................................................... 12

NortheastIllinoisLegislativeDistrictsMap ......................................................................................................... 13

SURSMembershipCountsandNetBenefitsbySenateDistrict .......................................................................... 14

SURSMembershipCountsandNetBenefitsbyHouseDistrict .....................................................................15-16

PertinentLegislativeCommitteesandMembers .................................................................................................. 17

ContactInformation ...............................................................................................................................BackCover

1

WHO IS SURS?ThegovernorandGeneralAssemblyfoundedtheUniversityRetirementSystemin1941asanadministratorofbenefitsforemployeesoftheUniversityofIllinois.Inthefollowingyears,theSystemgrewtoincludeotheruniversities,collegesandaffiliatedagenciesthroughoutthestate.In1963,theSystemadopteditscurrentname,StateUniversitiesRetirementSystem(SURS).AsofJune30,2019,SURSemployed137peopleatitsChampaignandNapervilleofficesandprovidedretirement,survivor,disabilityanddeathbenefitsto236,910membersthroughouttheworld.

MEMBERSHIPSURSservesadiversegroupofemployeeswithoccupationsrangingfromprofessorsandteacherstoclerical,buildingserviceworkersandgroundskeepers.

SURS Members do not Participate In Social SecurityUnlikemanyotherpublicpensionsystems,SURSisthesolesourceofretirementincomeforitsparticipants.Thestate/employerdoesnotcontributetoSocialSecurityontheemployee’sbehalf,andthereisnocoordinatedbenefitforSURS-coveredemploymentfromSocialSecurityuponretirement.Inaddition,retireeswhomayqualifyforSocialSecuritybenefitsfromother,non-SURScoveredemployment,maybeaffectedbytheWindfallEliminationProvisionortheGovernmentPensionOffset,resultinginanoffsetoftheirSocialSecuritybenefit.

Benefits PaidSURSdefinedbenefitplanbenefitpaymentsforfiscalyear2018were$2.4979billion.$123.8millioninrefundswerealsopaid.Theaveragemonthlyretirementannuitywas$3,333.

BOARD OF TRUSTEESTheSURSBoardofTrusteesiscomprisedof11members:fourappointedbythegovernor,fourcontributingmemberselectedbythecontributingmembersofSURS,twoannuitantselectedbytheannuitantsofSURSandthechairoftheIllinoisBoardofHigherEducation,alsoappointedbythegovernor.

John AtkinsonChairpersonAppointedTermExpires:January2025

Collin Van MeterViceChairpersonElectedTermExpires:July2024

John LyonsTreasurerAppointedTermExpires:July2024

Aaron AmmonsBoardMemberElectedTermExpires:July2021

Richard FigueroaBoardMemberAppointedTermExpires:June2021

Jamie-Clare FlahertyBoardMemberAppointedTermExpires:June2024

J. Fred GiertzBoardMemberElectedTermExpires:July2021

Scott HendrieBoardMemberAppointedTermExpires:June2021

Steven RockBoardMemberElectedTermExpires:July2024

Antonio VasquezBoardMemberElectedTermExpires:July2021

Mitchell VogelBoardMemberElectedTermExpires:July2021

2

EMPLOYERSSURSservesmorethan60employersinIllinois.Ouremployingagenciesincludepublicuniversities,communitycollegesandotheraffiliatedstateagencies.

BlackHawkCollege(Moline)CarlSandburgCollege(Galesburg)ChicagoStateUniversityCityCollegesofChicagoCollegeofDuPage(GlenEllyn)CollegeofLakeCounty(Grayslake)DanvilleAreaCommunityCollegeEasternIllinoisUniversity(Charleston)ElginCommunityCollegeGovernorsStateUniversity(UniversityPark)HeartlandCommunityCollege(Normal)HighlandCommunityCollege(Freeport)ILCSSection15-107(l)Members(Springfield)ILCSSection15-107(c)Members(Springfield)IllinoisBoardofExaminers(Naperville)IllinoisBoardofHigherEducation(Springfield)IllinoisCentralCollege(Peoria)IllinoisCommunityCollegeBoard(Springfield)IllinoisCommunityCollegeTrusteeAssociation(Springfield)IllinoisDepartmentofInnovationandTechnology(Springfield)IllinoisEasternCommunityCollegesIllinoisMathematicsandScienceAcademy(Aurora)IllinoisStateUniversity(Normal)IllinoisValleyCommunityCollege(Oglesby)JohnA.LoganCollege(Carterville)JohnWoodCommunityCollege(Quincy)JolietJuniorCollegeKankakeeCommunityCollegeKaskaskiaCollege(Centralia)KishwaukeeCollege(Malta)LakeLandCollege(Mattoon)

Lewis&ClarkCommunityCollege(Godfrey)LincolnLandCommunityCollege(Springfield)McHenryCountyCollege(CrystalLake)MoraineValleyCommunityCollege(PalosHills)MortonCollege(Cicero)NortheasternIllinoisUniversity(Chicago)NorthernIllinoisUniversity(DeKalb)NorthernIllinoisUniversityFoundation(DeKalb)OaktonCommunityCollege(DesPlaines)ParklandCollege(Champaign)PrairieStateCollege(ChicagoHeights)RendLakeCollege(Ina)RichlandCommunityCollege(Decatur)RockValleyCollege(Rockford)SaukValleyCollege(Dixon)ShawneeCollege(Ullin)SouthSuburbanCollege(SouthHolland)SoutheasternIllinoisCollege(Harrisburg)SouthernIllinoisUniversity-CarbondaleSouthernIllinoisUniversity-EdwardsvilleSouthwesternIllinoisCollege(Belleville)SpoonRiverCollege(Canton)StateUniversitiesCivilServiceSystem(Urbana)StateUniversitiesRetirementSystem(Champaign)TritonCollege(RiverGrove)UniversityofIllinois-ChicagoUniversityofIllinois-SpringfieldUniversityofIllinois-Urbana-ChampaignUniversityofIllinoisAlumniAssociation(Urbana)UniversityofIllinoisFoundation(Urbana)WaubonseeCommunityCollege(SugarGrove)WesternIllinoisUniversity(Macomb)WilliamRaineyHarperCollege(Palatine)

3

SURS RETIREMENT PLANSTheStateUniversitiesRetirementSystemofIllinois(SURS)providesretirement,disability,deathandsurvivorbenefitstoeligibleSURSparticipantsandannuitants.SURSmembersmustchooseoneofthreeretirementop-tions:theTraditionalBenefitPackage,thePortableBenefitPackage,ortheSelf-ManagedPlan(SMP).Thechoiceispermanentandcannotbechanged.Informationissenttoallnewmembers,alongwithanelectionform,tohelpthemmaketheirchoice.Ifanewmemberfailstochoosewithinsixmonths,theywillbepermanentlyenrolledintheTraditionalBenefitPackage.

Defined Benefit PlansTheSURSTraditionalBenefitPackageisthehistoricalSURSdefinedbenefitretirementplan.Until1998,itwastheonlySURSplanavailable.Itprovideslifetimeretirementbenefitsandprovidesforasurvivorbenefitatnoadditionalcost.However,theseparationrefundfeatureisnotgenerous.TheSURSPortableBenefitPackageisalsoadefinedbenefitretirementplanthathasmuchincommonwiththeTraditionalBenefitPackage.ItprovidesamoregenerousseparationrefundifyouleavetheSystem.However,theprovisionsforsurvivorbenefitsrequireareductiontotheretirementanddeathbenefits.

Defined Contribution PlanTheSURSSelf-ManagedPlan(SMP)isadefinedcontributionplanthatestablishesanaccountinyournameintowhichyourcontributionsandtheemployer(stateofIllinois)contributionsareplaced.Youdecidehowyourac-countbalancewillbeinvested,selectingfromavarietyofmutualfundsandvariableannuities.

Public Act 96-889Gov.QuinnsignedSenateBill1946(PublicAct96-889)intolawonApril14,2010.TheresultingchangestotheIllinoisPensionCodemodifySURSbenefitsforemployeeshiredonorafterJan.1,2011.MembershiredonorafterJan.1,2011,areconsideredTierIImembers.MembershiredbeforeJan.1,2011,areTierImembers.SeethecomparisonchartonPage5fordetails.

Public Act 98-599Gov.QuinnsignedSenateBill1(PublicAct98-599)intolawonDec.5,2013.TheresultingchangestotheIl-linoisPensionCodemodifySURSbenefitsforTierImembers,effectiveJune1,2014.OnMay14,2014,CircuitJudgeJohnBelzgrantedatemporaryrestrainingorderandapreliminaryinjunctionstoppingtheimplementationofPA98-599.Inaccordancewiththeorder,SURScontinuedtoadministercontribu-tionsandbenefitsasthelawexistedpriortoamendmentbyPA98-599untilotherwiseorderedbythecourt.OnNov.21,2014,JudgeBelzenteredafinaldeclaratoryjudgmentthat“PublicAct98-0599isunconstitutionalandvoidinitsentirety.”Thecourtalsoorderedthatthepreliminaryinjunctionpreventingstatedefendants(in-cludingSURS)fromimplementingtheActsinceMay14,2014,becomepermanent.TheIllinoisAttorneyGeneralappealedthecircuitcourt’srulingandonMarch11,2015,defendedthelawbeforetheIllinoisSupremeCourt.OnMay8,2015,theIllinoisSupremeCourtruledPA98-599unconstitutional.

Public Act 100-23TheIllinoisGeneralAssemblyonJuly6,2017,successfullyvotedtooverrideGov.Rauner’svetoandpassedSB42(PublicAct100-23)thatmandatesSURS,SERSandTRStocreateanoptionalhybridretirementplanthatwhenimplementedwillbeavailabletocurrentTierIImembersandfuturenewhires.ThenewplanwillnotaffectbenefitsofTierImembers,retireesorSMPmembers.SB42containstwochangesthattakeeffectinFiscalYear2018:

• Itrequiresemployerstopaytheemployernormalcostontheportionofanemployee’searningsthatisinexcessofthegovernor’ssalary(currently$177,500).

• Itrequiresthecostorsavingsofanychangeinactuarialassumptionsmadesincethe2012valuationtobe“smoothed”(orimplementedinequalannualinstallments)overafive-yearperiodfromwhenthechangefirstapplied.

SB42requiresthecreationofanoptionalhybridplan,whichwillbecomeeffectiveonafuturedatedeterminedby

4

theSURSBoardofTrustees.Theoptionalhybridplancontainscomponentsofadefinedbenefitplanandade-finedcontributionplan. Individualswhofirstbecomeparticipants on or after the implementation date willhavetheoptionofchoosingbetweentheTraditionalde-finedbenefitplan,thePortabledefinedbenefitplan,theSelf-ManagedPlanortheoptionalhybridplan.CurrentTierIIparticipantswillhavetheoptiontoirrevocablyelecttoparticipateintheoptionalhybridplaninsteadofaTierIIplan.Underthedefinedbenefitportionoftheoptionalhybridplan:

• ThepensionableearningslimitistheSocialSe-curityWageBase.

• The final average salary is the average salaryduringthelast10yearsofservice

• Retirementcanbeginnoearlierthanage67with10yearsofservicecredit.

• Retirementannuitiesarecalculatedbymultiply-ing1.25percentbyeachyearof servicecreditandthefinalaveragesalary

• Automatic annual increases are applied begin-ningoneyearafterretirementandarecalculatedat½ofthepercentageincreaseintheConsumerPriceIndex-W.

Employeescontributethelesserof6.2percentofpayorthetotalnormalcosttothedefinedbenefitportionoftheoptionalhybridplanandaminimumof4percentofpaytothedefinedcontributionportionoftheoptionalhy-bridplan.Employerscontributebetween2-6percentofpayforeachemployeewithatleastoneyearofservicewith theemployer to thedefinedcontributionportionoftheoptionalhybridplan.Employersalsocontributetheemployernormalcostforeachemployeewhopar-ticipatesintheoptionalhybridplanorwhoparticipatesinTier II insteadof theoptionalhybridplan,plusanamounttoamortizetheunfundedactuarialaccruedli-abilityattributabletothedefinedbenefitsofsuchem-ployees.Forfiscalyearsthroughfiscalyear2020,thestatemakesadditionalcontributionstoSURSequalto2percentofthetotalpayrollofeachemployeewhopar-ticipatesintheoptionalhybridplanorwhoparticipatesinTierIIinsteadofintheoptionalhybridplan;theem-ployerpaysthiscostbeginninginfiscalyear2021.

RETIRING RECIPROCALLYTheIllinoisRetirementSystemsReciprocalActgivesretiringIllinoispublicemployeestheoptiontouseser-vicecreditearnedfromothereligiblepublicretirementsystems towardabenefitcalculatedbaseduponcom-binedpensionservicebetweenfunds.Findoutmoreatwww.surs.org.

RECIPROCAL SYSTEMSChicago Teachers' Pension Fund203 N. LaSalle Street, Suite 2600

Chicago, IL 60601-1210Tel. (312) 641–4464 Fax (312) 641–7185

www.ctpf.org

County Employees' Annuity & Benefit Fund of Cook County33 North Dearborn Street, Suite 1000


Forest Preserve District Employees' Annuity & Benefit Fund of Cook County

33 North Dearborn Street, Suite 1000Chicago, IL 60602-3103

Tel. (312) 603–1200 Fax (312) 603–9760

General Assembly Retirement System2101 South Veterans Parkway – P.O. Box 19255

Springfield, IL 62794–9255Tel. (217) 782–8500 Fax (217) 557-5154

www.srs.illinois.gov

Illinois Municipal Retirement Fund2211 York Road, Suite 500Oak Brook, IL 60523–2337

Tel. 800–275–4673 Fax (630) 368–5399www.imrf.org

Judges' Retirement System2101 South Veterans Parkway – P.O. Box 19255

Springfield, IL 62794–9255Tel. (217) 782–8500 Fax (217) 557-5154

www.srs.illinois.gov

Laborers' Annuity & Benefit Fund of Chicago321 North Clark Street, Suite 1300


www.labfchicago.org

Metropolitan Water Reclamation District Retirement Fund111 East Erie, Suite 330Chicago, IL 60611-2898

Tel. (312) 751–3222 Fax (312) 751–5699www.mwrd.org

Municipal Employees' Annuity & Benefit Fund of Chicago321 North Clark Street, Suite 700

Chicago, IL 60654-4767Tel. (312) 236–4700 Fax (312) 527-0192

www.meabf.org

Park Employees' Annuity & Benefit Fund of Chicago55 East Monroe Street, Suite 2720


www.chicagoparkpension.org

State Employees' Retirement System of Illinois2101 South Veterans Parkway – P.O. Box 19255

Springfield, IL 62794–9255Tel. (217) 785–7444 Fax (217) 524–2293

www.srs.illinois.gov/SERS/Home_sers.htm

Teachers' Retirement System2815 West Washington Street – P.O. Box 19253

Springfield, IL 62794–9253Tel. 877–927–5877 Fax (217) 753–0394

www.trsil.org

http://www.surs.org

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6

LEGISLATION PASSED IN FISCAL YEAR 2018

Public Act 100-0587

Accelerated Pension Benefit Payments

PublicAct100-0587createstwotypesofacceleratedpensionbenefitpaymentoptionsunderSURS:(1)anac-celeratedpensionbenefitpaymentinlieuofapensionbenefitforTierIandTierIIvested,inactivemembersand(2)anacceleratedpensionbenefitpaymentforTierImemberswhoacceptreducedanddelayedautomaticannualincreasesinretirementandsurvivor’sannuities.TheSURSBoardofTrusteesmustestablishanimplementationdateforeachacceleratedpensionbenefitpaymentoptionbyboardresolution.TheboardmustendeavortomaketheoptionsavailableassoonaspossibleafterJune4,2018.

Accelerated Pension Benefit Payment for Tier I and Tier II Vested, Inactive Members

BeginningontheimplementationdateestablishedbytheSURSBoardofTrusteesanduntilJune30,2021,SURSmustoffereacheligiblepersontheopportunitytoirrevocablyelecttoreceivealump-sumpaymentequalto60percentofthepresentvalueofhisorherpensionbenefitsinlieuofreceivinganypensionbenefitfromSURS.Tobeeligiblefortheacceleratedpensionbenefitpayment,thepersonmust:(1)haveterminatedservice;(2)haveaccruedsufficientservicecreditnecessaryforretirement(i.e.,fiveyearsforTierImembersand10yearsforTierIImembers);(3)havenotreceivedaretirementannuityunderSURS;(4)havenotmadetheelectionasaTierImembertoacceptareducedanddelayedautomaticannualincreaseinretirementinexchangeforanacceleratedpensionbenefitpayment;and(5)notbeaparticipantintheSelf-ManagedPlan.Theacceleratedpensionbenefitpaymentmustbedepositedintoataxqualifiedretirementplanoraccountidentifiedbytheeligiblepersonatthetimeoftheelection.ApersonwhoelectstoreceiveanacceleratedpensionbenefitpaymentcannotelecttoproceedundertheRetire-mentSystemsReciprocalActwith respect to service underSURS.Uponpayment of an acceleratedpensionbenefitpaymentfromSURS,thepersonforfeitsallaccruedrightsandcreditsinSURSandnootherbenefitcanbepaidfromSURSbasedonthoseforfeitedrightsandcredits.However,aneligiblepersonwhoreceivesanac-celeratedpensionbenefitpaymentmaystillbeeligibleforanyapplicableretireehealthinsurancebenefits.IfapersonwhohasreceivedanacceleratedpensionbenefitpaymentfromSURSreturnstoparticipationunderSURS,anybenefitsunderSURSearnedasaresultofthatreturntoparticipationmustbebasedsolelyonhisorhercreditsandcreditableservicearisingfromthereturntoparticipation.Uponreturntoparticipation,thepersonmustbeconsideredanewemployeesubjecttoallofthequalifyingconditionsforparticipationandeligibilityforbenefitsapplicabletonewemployees.TheacceleratedpensionbenefitpaymentcannotberepaidtoSURS,andtheforfeitedrightsandcreditscannotunderanycircumstancesbereinstated.

Accelerated Pension Benefit Payment for Tier I Members at Retirement

BeginningontheimplementationdateestablishedbytheSURSBoardofTrusteesanduntilJune30,2021,SURSmustoffereacheligiblepersontheopportunitytoirrevocablyelecttoreceivealump-sumpaymentinexchangeforreducedanddelayedautomaticannualincreasesinretirementandsurvivor’sannuities.Thelump-sumpaymentisanamountequalto70percentofthedifferenceof:(1)thepresentvalueofTierIau-tomaticannualincreasesintheretirementandsurvivor’sannuities;and(2)thepresentvalueofthereducedanddelayedautomaticannualincreasesintheretirementandsurvivor’sannuities.Theautomaticannualincreasesin theretirementandsurvivor’sannuitiesarecalculatedat1.5percentof theoriginallygrantedannuity(non-compounded).TheybeginontheJan.1occurringonorafterthelaterofage67orthefirstanniversaryoftheretirementannuitystartdateandontheJan.1occurringafterthefirstanniversaryofthesurvivor’sannuitystartdate,respectively.Tobeeligiblefortheacceleratedpensionbenefit,thepersonmust:(1)beaTierImember;(2)havesubmittedanapplicationforaretirementannuityfromSURS;(3)meettheageandservicecreditrequirementsnecessaryforretirementunderSURS(i.e.,beanyagewith30yearsofservicecredit,age55witheightyearsofservicecredit,age62withfiveyearsofservicecredit,ormeetthespecialvestingforthePolice/Fireformula);(4)havenotre-ceivedaretirementannuityunderSURS;(5)havenotmadetheelectiontoreceiveanacceleratedpensionbenefit

7

paymentinlieuofanypensionbenefitfromSURS;and(6)notbeaparticipantintheSelf-ManagedPlan.Theacceleratedpensionbenefitpaymentmustbedepositedintoataxqualifiedretirementplanoraccountidentifiedbytheeligiblepersonatthetimeofelection.IfanannuitantwhohasreceivedanacceleratedpensionbenefitpaymentfromSURSreturnstoparticipationun-derSURSthenthecalculationofanyfutureautomaticannualincreaseinretirementannuitymustbecalculatedatthereducedanddelayedrate.TheacceleratedpensionbenefitpaymentcannotberepaidtoSURS.

Funding and Payment of Accelerated Pension Benefit Payments

PublicAct100-0587authorizestheissuanceof$1billioninStatePensionObligationAccelerationBondsforthepurposeofmakingacceleratedpensionbenefitpaymentsunderSERS,SURSandTRS.Theproceedsofthebonds,minustheamountsforbondsaleexpenses,mustbedepositeddirectlyintotheStatePensionObligationAccelerationBondFund.SURSmustsubmitvoucherstothestatecomptrollerforpaymentofacceleratedpensionbenefitpayments.ThestatecomptrollermustpaytheamountsofthevouchersfromtheStatePensionObligationAccelerationBondFundtoSURS,andSURSmustdeposittheamountsintotheapplicabletaxqualifiedplansoraccounts.

6% Rule Changed to 3% (Except for Certain Contracts and Collective Bargaining Agreements)

UnderPublicAct100-0587,foracademicyearsbeginningonorafterJuly1,2018,theemployermustpaythepresentvalueoftheresultingincreaseinbenefitsattributabletoearningsincreasesinexcessof3percentdur-ingtheparticipant’sfinalrateofearningsperiod.However,forearningspaidtoaparticipantunderacontractorcollectivebargainingagreemententeredinto,amended,orrenewedbeforeJune4,2018, theemployerwillcontinuetopaythepresentvalueoftheresultingincreaseinbenefitsattributabletoearningsincreasesinexcessof6percentduringtheparticipant’sfinalrateofearningsperiod.The6%Ruleandthe3%RuledonotapplytoTierIIhybridplanmembersandTierIIdefinedbenefitmemberswhofirstparticipateunderSURSonoraftertheimplementationdateoftheOptionalHybridPlan.

FY 2019 Recertification

PublicAct100-0587requirestheSURSBoardofTrustees,betweenJune15andJune30,2019,torecalculateandrecertifytheFY2019statecontribution,takingintoaccountthechangesmadebythelegislation.Therecertifica-tionmustbebasedontheactuarialassumptionsusedtocertifytheoriginalFY2019statecontribution.ThelastmonthlyvoucherforFY2019mustbepaidbythecomptrolleraftertherecertificationissubmittedtothegover-nor,comptrollerandGeneralAssembly.

8

HISTORY OF STATE CONTRIBUTIONS

PreviousGovernmentalAccountingStandardsBoard(GASB)requirementsprovidedguidanceonhowtodeter-minetheAnnualRequiredContribution(ARC)(definedunderGASBStatements25and27)foraretirementplan.ThisARCwasthesumofthenormalcostandamortizationoftheunfundedaccruedliability.GASBStatements67and68,whichreplaceGASBStatements25and27,nolongerusetheARC.TheARCwillnowbedefinedastheActuariallyDeterminedContribution(ADC)netofmembercontributions.MeasuringtheActualEmployerContribution(StatutoryContribution)againstafundingpolicy(suchastheARC/ADC)helpsevaluatethefundingadequacyoftheactualstatuatorycontributionfundingmethod.Thechartbelowprovidesaninterestingcompari-sonofthestatecontributionovertheyearsasapercentofthenetstateADC.

History of State Contributions (Defined Benefit – in millions)

FiscalYear

TotalActuariallyDeterminedContribution

Member Contributions

NetState/ Employer ADC

Actual ER Contribution

StateContributionas%ofNetADC

1999 509.2 213.0 296.2 237.9 80.32000 547.8 222.5 325.3 241.1 74.12001 548.1 221.6 326.5 247.1 75.72002 686.9 251.6 435.3 256.1 58.82003 843.8 246.3 597.5 285.3 47.72004 934.8 243.8 691.0 1,757.5 254.42005 859.7 251.9 607.8 285.4 47.02006 914.9 252.9 662.0 180.0 27.22007 968.3 262.4 705.9 261.1 37.02008 971.6 264.1 707.5 344.9 48.82009 1,147.3 273.3 874.0 451.6 51.72010 1,278.3 275.0 1,003.3 696.6 69.42011 1,519.2 260.2 1,259.0 773.6 61.42012 1,701.6 258.2 1,443.3 985.8 68.32013 1,794.4 245.1 1,549.3 1,401.5 90.52014 1,843.6 283.1 1,560.5 1,502.9 96.32015 1,890.3 267.7 1,622.7 1,528.5 94.22016 2,090.0 278.9 1,811.1 1,582.3 87.42017 2,143.4 278.6 1,864.8 1,650.6 88.52018 2,144.7 282.7 1,862.0 1,607.9 86.42019 2,519.4 280.0 2,239.4 1,642.2 73.3

SURS Cash Flow (Defined Benefit)

2016 2017 2018 2019StateContributions $1,542,946,474 $1,612,164,501 $1,568,220,976 $1,592,639,155EmployerContributions 39,348,478 38,386,209 39,659,344 49,415,109EmployeeContributions 278,883,776 278,642,830 282,726,126 280,017,618TotalContributions 1,861,178,728 1,929,193,540 1,890,606,446 1,922,071,882BenefitPayments/Expense 2,335,560,290 2,444,313,983 2,554,179,979 2,655,612,184NetNon-InvestmentCashFlow ($474,381,562) ($515,120,443) ($663,573,533) ($733,540,302)

9

FISCAL YEAR 2019 CONTRIBUTION

ThestatecontributiontoSURSforFY2020is$1,854,692,000.Contributionstothefivestateretirementsystemsisapproximately$9,223,500,000.

CONSEQUENCES OF UNDERFUNDING

HistoricalunderfundingofthefivestateretirementsystemshaspositionedIllinoisasoneoftheworstinthenationinpensionfunding.AsofJune30,2019,unfundedliabilitiesforthefivestateretirementsystemstotaledmorethan$137billionandthesystemswere40.3percentfundedbasedonamarketvalueofassets.SURSunfundedactuarialliabilitiestotaled$26.8billion,andSURSwas42.3percentfundedbasedonanactuarialvalueofassets.

Pensionfundinghasasignificant impactonthefiscalstabilityof thestate.Continualfundingof thesystems’certifiedcontributionsensuresstableincreasesincontributionsfromyeartoyear.

Failuretoappropriateanyyear’scertifiedcontributionincreasesthesystems’unfundedliabilitiesandincreaseslong-termcoststothestate.Bondratingagenciescontinuallyhighlightthesystems’unfundedliabilitiesasreasonfordowngrades in the state’sbond rating.Lowerbond ratings significantly impact the state’s cost of issuingpotentialdebt.

0

20

40

60

80

100

20192018201720162015201420132012201120102009200820072006

65.4%

68.4%

58.5%54.3%

46.4%44.3%

42.1%41.5% 42.3% 43.3% 43.3% 44.4% 42.8% 42.3%

Historical Funding RatiosStartingwithfiscalyear2009,thefundingratioswerecalculatedusingtheactuarialvalueofassets.

PriortoFY2009,themarketvalueofassetswereused.

10

Thischartshowstheprojectedtotalstatecontributionsthroughfiscalyear2045,baseduponcurrentactuarialassumptionsandtheJune30,2019,actuarialevaluation.

Funding Projections for SURS(in Millions)

FiscalYear

Annual Payroll*

TotalState Contributions**

State Contributionasa%ofPayroll

TotalEmployee Contribution

ActuarialAccrued

Liabilities

Actuarial ValueofAssets

UnfundedActuarial Accrued

Liabilities

FundedRatio

2019 $4,356.63 $1,642.05 37.69% $280.02 $46,443.94 $19,661.89 $26,782.05 42.33%2020 $4,600.72 $1,827.62 39.72% $284.59 $47,369.16 $20,128.05 $27,241.12 42.49%2021 $4,667.19 $1,958.31 41.96% $285.89 $48,286.22 $20,955.48 $27,330.74 43.40%2022 $4,747.50 $2,030.60 42.77% $288.05 $49,152.54 $21,646.72 $27,505.82 44.04%2023 $4,839.09 $2,087.45 43.14% $291.02 $49,965.47 $22,306.64 $27,658.83 44.64%2024 $4,934.87 $2,154.91 43.67% $294.31 $50,715.24 $23,007.17 $27,708.07 45.37%2025 $5,034.17 $2,193.59 43.57% $297.84 $51,395.29 $23,686.66 $27,708.63 46.09%2026 $5,137.29 $2,237.55 43.56% $301.69 $52,001.68 $24,349.27 $27,652.41 46.82%2027 $5,246.35 $2,284.81 43.55% $305.94 $52,535.02 $25,002.03 $27,532.99 47.59%2028 $5,361.09 $2,330.35 43.47% $310.59 $52,993.06 $25,644.44 $27,348.62 48.39%2029 $5,479.09 $2,378.17 43.40% $315.45 $53,370.09 $26,276.83 $27,093.25 49.24%2030 $5,599.71 $2,423.08 43.27% $320.48 $53,666.15 $26,901.13 $26,765.02 50.13%2031 $5,725.29 $2,471.31 43.16% $325.70 $53,875.42 $27,520.03 $26,355.39 51.08%2032 $5,856.88 $2,528.27 43.17% $331.18 $54,004.42 $28,154.49 $25,849.93 52.13%2033 $5,995.31 $2,594.09 43.27% $337.02 $54,056.37 $28,822.54 $25,233.84 53.32%2034 $6,139.48 $2,693.07 43.86% $343.14 $54,033.05 $29,566.71 $24,466.34 54.72%2035 $6,288.30 $2,758.35 43.86% $349.48 $54,006.92 $30,434.40 $23,572.51 56.35%2036 $6,440.82 $2,825.26 43.86% $356.01 $53,919.32 $31,376.93 $22,542.38 58.19%2037 $6,597.67 $2,894.06 43.86% $362.73 $53,773.19 $32,408.09 $21,365.09 60.27%2038 $6,759.72 $2,965.14 43.86% $369.68 $53,570.96 $33,542.05 $20,028.91 62.61%2039 $6,927.11 $3,038.57 43.86% $376.91 $53,320.96 $34,799.20 $18,521.77 65.26%2040 $7,099.51 $3,114.19 43.86% $384.37 $53,029.98 $36,198.72 $16,831.25 68.26%2041 $7,278.98 $3,192.92 43.86% $392.21 $52,709.19 $37,765.42 $14,943.77 71.65%2042 $7,463.96 $3,274.06 43.86% $400.28 $52,373.27 $39,527.41 $12,845.86 75.47%2043 $7,654.00 $3,357.42 43.86% $408.62 $52,034.97 $41,512.03 $10,522.94 79.78%2044 $7,848.04 $3,442.53 43.86% $417.12 $51,704.27 $43,744.64 $7,959.63 84.61%2045 $8,045.47 $3,529.13 43.86% $425.71 $51,393.52 $46,254.17 $5,139.35 90.00%

*PayrollshownispensionablepayandincludesSMPpayroll.Itdoesnotincludeamountsinexcessofthepaycapsapplicabletomem-bersintheTier2andOptionalHybridPlanparticipatingintheTraditionalandPortableplans.**ExcludesSMPcontributions.Includesemployercontributions.

11

How has SURS done in relation to the market and its peers?

*Netofinvestmentmanagementfees.AsofJune30,2018.Currentperformanceinformationisavailableatwww.surs.org/investments.SURSassumedrateofreturnis6.75percent.

1 yr 3 yrs 5yrs 10 yrs 20 yrs 25yrsSURS* 8.2% 6.8% 8.1% 6.7% 6.4% 8.1%Benchmark 7.9% 6.7% 8.1% 6.8% 6.3% 7.8%PublicFundsIndex 8.6% 7.1% 8.2% 6.4% 6.2% 7.6%

SURS INVESTMENT PROGRAM HISTORYSURShasbeendevelopingitsinvestmentprogramsincetheearly1980s,whenIllinois,likemanyotherstates,changeditslawstoallowthestatepensionfundstoadoptmoderninvestmentpractices.Atthesametime,thenewlawsestablishedahighstandardoffiduciaryresponsibility,namelyadoptingtheprudentexpertrule.Thosechangespermittedtheinvestmentprogramtomodernize,resultinginstrongperformanceandgrowthinassets.Duringthissameperiod,fundingbythestateofIllinoisfellfarshortofboththeactuarialandstatutoryrequire-ments,missinganopportunityforSURStosignificantlyreduce,ifnoteliminate,itsunfundedliability.

Interim Strategic Policy Target(As of Dec. 31, 2019)

TraditionalGrowth

46%

StabilizedGrowth

25% Non-TraditionalGrowth

10%

Inflation Sensitive6%

Principal Protection8%

Crisis Risk Offset5%

http://www.surs.org/investments

12

47

48

54

53

55

45

59

37

58

51

38

44

36

35

52

50

46

56

34

57

Will

Lee

Cook

Pike

Ogle

LaSalle

McLean

Knox

Henry

Fulton

Iroquois

Bureau

Adams

Shelby

Ford

Livingston

Lake

Edgar

Clay

Logan

Peoria

Wayne

Vermilion

Piatt

Clark

Hancock

Fayette

DeKalb

Coles

Champaign

Macoupin

Macon

Madison

Mercer

Mason

White

St. Clair

Marion

Sangamon

Christian

Perry

Tazewell

Warren

Carroll

Cass

Morgan

Whiteside

Jasper

Greene

Bond

Kankakee

Clinton

Jackson

Union

Pope

Grundy

Jo Daviess

Jefferson

Randolph

Saline

Woodford

Stark

Montgomery

Jersey

De Witt

Franklin

Schuyler

Stephenson

Douglas

Monroe

McDonough

Scott

Crawford

Boone

Hamilton

Effingham

Washington

Kendall

DuPage

Gallatin

Richland

Williamson

Johnson

Lawrence

Massac

Cumberland

Hardin

Putnam

Kane

McHenryWinnebago

Marshall

Brown

Moultrie

Menard

Rock Island

Henderson

Calhoun

Wabash

PulaskiAlexander

Edwards

93

106

109

100

74

118

102

94

89

110

107

95

115

73

101

87

90

116

108

76

71

117

91

104

70

10588

9699

75

69

72

114

111

112

68

113

92

67

103

Illinois Legislative Districts

See Northeast Illinois Map

Senate District

House District65

52

J. Cabello-1,275

S. Stadelman-1,684

J. Sosnowski-1,054

A. Chesney-1,040

B. Stewart-3,461

M. West-409D. Syverson-5,501

N. Anderson-1,475

J. Keicher-4,447

T. McCombie-778 T. Demmer-2,421

S. Rezin-1,914L. Yednock-1,004

M. Halpin-697

C. Weaver-2,706

D. Welter-910

D. Swanson-1,114

J. Barickman-5,958

R. Spain-1,592

J. Gordon-Booth-1,066

T. Bennett-1,279

K. Sommer-3,089

D. Koehler-2,124

M. Unes-1,058D. Brady-4,679

D. Caulkins-4,162

R. Frese-1,209N. Hammond-3,474

J. Tracy-4,683 W. Brady-5,041S. Bennett-16,281

M. Marron-6,324

T. Butler-1,952

C. Ammons-9,956

S. Scherer-1,466

S. McClure-5,534M. Murphy-4,473

B. Halbrook-5,414

C. Davidsmeyer-1,061

A. Manar-2,720A. Bourne-1,254

M. Bristow-1,497

C. Miller-3,969

C. Rose-9,576

D. Righter-6,001

B. Wilhour-1,198

R. Crowe-4,017 J. Plummer-2,915

C. Belt-2,450

K. Stuart-2,520C. Meier-1,717

D. Bailey-2,032J. Hoffman-1,243

L. Greenwood-1,207

P. Schimpf-5,698

T. Bryant-4,781N. Reitz-917

D. Fowler-6,025P. Windhorst-2,414

D. Severin-3,611

Number of SURS Members in Each District

ILLINOIS LEGISLATIVE DISTRICTS

13

Will

Cook

LaSalle

Kane

Lake

Livingston

DeKalb

McHenry

Kankakee

Grundy

Boone

DuPage

Kendall

40

32

17

25

26

33

43

31

19

49

41

15

21

29

30

23

18

24

28

27

22

42

9

39

14

4

16

8

10

12 1113

5

31

620

7

2

79

63

34

80

64

50

65

86

52

61

51

49

97 82

29

37

66

85

62

59

38

45

42

54

77

36

41

98

55

47

35

81

48

60

56

84

30

46

4443

33

1857

17

27

83

7

53

28

3123

20

15

21

25

8

22

78

16

6

10

19

9

32

26

1

224

5

3 11

13

39

40

4

12

14

Northeast Illinois Legislative Districts

Senate District

House District65

52

893

728 1 - 1,302

2 - 1,354

1588 3 - 2,036

16384 - 2,652

745

346 5 - 2,582

860 6 - 2,520

7 - 2,637

935 8 - 2,301

1758 58

9 - 2,627

10 - 2,111

11 - 1,187

12 - 1,309

2196

823764

1064

6351401

89013 - 3,081

1242

13062069

637

14 - 2,473

839

1517 1161 1385

838

6781353

751

24 - 2,883

28 - 1,663

1364

613

39 - 2,8251440

1 - 5171086

2 - 7851557

15903 - 4891509

25342794

4 - 865

5 - 1,147

12046 - 8891475

1409

1448555

854

7 - 1,4112751

157228088 - 1,241

9 - 1,739

1926

1027704

1276 14561017

873

10 - 843

11 - 1,080

8991520 13 - 1,284

2565 16 - 1,140

1534 19 - 1,091

1176

1077

1389 120520 - 1,020

21 - 494

830

1419

1252

2125

22 - 693

2549

23 - 669

24 - 640

32 - 792

36 - 1,2881344

39 - 734

40 - 794

2459 47 - 1,326

53 - 1,005

55 - 825

1040 77 - 640

78 - 2,185

11

2

3

4

5

6

7

8

9

10

11

13

16

19

20

21

22

23

24

32

36

39

40

47

53

55

77

78

39

28

24

20

16

14

13

12

11

10

9

8

7

6

5

4

3

2

1J. Mason-789

M. Bush-1,715 M. Hunter-2,672

K. Lightford-2,893S. Reick-758 C. Wilcox-1,669

P. Van Pelt-3,257

S. Yingling-926

H. Steans-2,924

M. Edly-Allen-993

F. Crespo-648

S. Feigenholtz-2,555

R. Villivalam-2,506

L. Fine-2,612

D. McConchie-1,912

A. Johnson-1,035

T. Weber-911

R. Martwick-2,393

C. Villanueva-1,555

M. Mussman-848

J. Gong-Gershowitz-1,377

R. Gabel-1,235J. Carroll-670

D. Didech-690

R. Mayfield-345

B. Morgan-732

D. Ugaste-1,542

D. McSweeney-918

A. Skillicorn-967 S. Landek-1,556T. Morrison-1,073

R. Peters-3,140D. DeWitte-2,509

E. Jones-2,366A. Gillespie-2,119

C. Castro-1,436

J. Morrison-1,402

A. Moeller-788

A. Muñoz-1,794

O. Aquino-1,736

J. Collins-1,991J. D’Amico-1,199

Pacione-Zayas-1,929

K. Cassidy-1,432 S. Glowiak Hilton-3,114

L. Murphy-1,725

T. Cullerton-1,498 D. Harmon-2,880

A. Ortiz-629K. Villa-1,168

T. Mah-1,165

L. Ellman-2,972

G. Wehrli-1,371

M. Batinick-1,260

A. Grant-1,600

D. Pappas-801

T. Costa Howard-1,675

J. Pizer-1,411

S. Kifowit-938

D. Conroy-697

K. Buckner-1,610 E. Delgado-658

J. Oberweis-2,849

B. Hernandez-606

L. Holmes-1,544

D. Ramirez-1,078

L. Robinson-1,647K. Wheeler-1,681

S. Harper-1,025

E. Welch-1,589

L. Ford-1,304

P. Joyce-2,466

E. Sims-2,486

N. Harris-2,157

P. McGuire-1,503

M. Hastings-2,729

J. Bertino-Tarrant-2,235

B. Cunningham-2,978

J. Curran-2,987

L. Collins-2,133

N. Manley-974

A. Stava-Murray-1,571

J. Connor-731

M. McDermed-1,366

M. Flowers-1,158

J. Durkin-1,416

C. Tarver-1,530

J. Slaughter-1,379J. Williams-1,124

A. Williams-1,144

F. Hurley-1,584

W. Davis-899

G. Harris-1,492

Y. Kalish-1,307

L. LaPointe-1,287

R. Rita-987

D. Meyers-Martin-1,363 M. Evans-1,177B. Stephens-1,106

E. Gonzalez-656

L. Walsh-772

T. Jones-1,258 M. Madigan-899

M. Zalewski-755

E. Hernandez-801

A. DeLuca-1,451 A. Thapedi-833

K. Burke-1,394N. Smith-1,309

W. Guzzardi-919

J. Andrade-1,010

D. Mazzochi-1,439

M. Walker-1,046

M. Moylan-877

L. Parkhurst-1,015 K. Willis-650

C. Lilly-2,228

Number of SURS Members in Each DistrictNORTHEAST ILLINOIS LEGISLATIVE DISTRICTS

AllSURS Active& Benefit AnnualDistrict Members* Inactive* Recipients* NetBenefits*1 AntonioMuñoz 1,794 1,592 202 $5,990,7172 OmarAquino 1,736 1,549 187 $5,182,7723 MattieHunter 2,672 2,163 509 $18,351,8594 KimberlyA.Lightford 2,893 2,173 720 $25,969,9825 PatriciaVanPelt 3,257 2,830 427 $16,531,8776 SaraFeigenholtz 2,555 2,035 520 $23,442,8327 HeatherA.Steans 2,924 2,419 505 $18,622,9998 RamVillivalam 2,506 1,833 673 $23,916,5319 LauraFine 2,612 1,741 871 $39,175,71310 RobertF.Martwick 2,393 1,847 546 $16,989,22811 CelinaVillanueva 1,555 1,307 248 $7,705,64112 StevenM.Landek 1,556 1,291 265 $7,779,12013 RobertPeters 3,140 2,274 866 $34,327,54814 EmilJones,III 2,366 1,572 794 $22,369,66315 NapoleonHarris,III 2,157 1,479 678 $20,076,93116 JacquelineY.Collins 1,991 1,490 501 $13,806,16517 ElgieR.Sims,Jr. 2,486 1,689 797 $22,793,84918 BillCunningham 2,978 2,116 862 $29,421,54019 MichaelE.Hastings 2,729 1,940 789 $25,062,29720 CristinaPacione-Zayas 1,929 1,693 236 $7,373,58321 LauraEllman 2,972 2,292 680 $22,854,94022 CristinaCastro 1,436 1,155 281 $7,209,98523 ThomasCullerton 1,498 1,194 304 $10,097,14824 SuzyGlowiakHilton 3,114 2,241 873 $32,967,35525 JimOberweis 2,849 2,280 569 $17,361,34626 DanMcConchie 1,912 1,459 453 $15,015,75227 AnnGillespie 2,119 1,535 584 $18,010,38228 LauraM.Murphy 1,725 1,302 423 $13,026,17929 JulieA.Morrison 1,402 984 418 $16,070,99130 AdrianeJohnson 1,035 806 229 $7,524,44131 MelindaBush 1,715 1,346 369 $12,125,46232 CraigWilcox 1,669 1,197 472 $14,165,45733 DonaldP.DeWitte 2,509 1,858 651 $21,239,43634 SteveStadelman 1,684 1,125 559 $14,017,20035 DaveSyverson 5,501 3,468 2,033 $69,532,51936 NeilAnderson 1,475 937 538 $13,822,42437 ChuckWeaver 2,706 1,906 800 $19,822,12938 SueRezin 1,914 1,418 496 $11,883,25039 DonHarmon 2,880 2,208 672 $26,309,56240 PatrickJ.Joyce 2,466 1,747 719 $22,472,24241 JohnF.Curran 2,987 2,154 833 $32,798,54542 LindaHolmes 1,544 1,285 259 $6,844,83743 PatMcGuire 1,503 1,175 328 $9,608,86844 WilliamE.Brady 5,041 3,504 1,537 $39,997,42145 BrianW.Stewart 3,461 2,232 1,229 $34,392,33746 DavidKoehler 2,124 1,578 546 $12,711,33247 JilTracy 4,683 2,756 1,927 $60,597,64648 AndyManar 2,720 1,933 787 $18,617,19349 JenniferBertino-Tarrant 2,235 1,737 498 $13,882,13250 SteveMcClure 5,534 3,782 1,752 $49,301,43551 ChapinRose 9,576 6,096 3,480 $118,116,34952 ScottM.Bennett 16,281 10,857 5,424 $225,235,57153 JasonA.Barickman 5,958 4,066 1,892 $65,238,56354 JasonPlummer 2,915 2,062 853 $18,932,92355 DaleA.Righter 6,001 3,819 2,182 $63,540,00156 RachelleCrowe 4,017 2,711 1,306 $40,925,89657 ChristopherBelt 2,450 1,656 794 $17,818,41358 PaulSchimpf 5,698 3,475 2,223 $76,223,02359 DaleFowler 6,025 3,726 2,299 $66,163,284 Total 183,563 130,095 53,468 $1,741,364,814

14

SURS MEMBERSHIP COUNTS AND NET BENEFITS BY SENATE DISTRICT

*AsofMarch18,2020

15

AllSURS Active& Benefit AnnualDistrict Members* Inactive* Recipients* NetBenefits*1 AaronM.Ortiz 629 533 96 $2,917,6422 TheresaMah 1,165 1,059 106 $3,073,0753 EvaDinaDelgado 658 561 97 $2,287,0044 DeliaC.Ramirez 1,078 988 90 $2,895,7685 LamontJ.Robinson,Jr. 1,647 1,310 337 $11,951,2716 SonyaM.Harper 1,025 853 172 $6,400,5887 EmanuelChrisWelch 1,589 1,183 406 $15,354,1408 LaShawnK.Ford 1,304 990 314 $10,615,8429 LakesiaCollins 2,133 1,865 268 $11,100,40810 JawaharialWilliams 1,124 965 159 $5,431,46911 AnnM.Williams 1,144 976 168 $6,567,61312 Jonathan“Yoni”Pizer 1,411 1,059 352 $16,875,21813 GregoryHarris 1,492 1,282 210 $8,061,89214 KellyM.Cassidy 1,432 1,137 295 $10,561,10715 JohnC.D’Amico 1,199 886 313 $10,838,69916 YehielM.Kalish 1,307 947 360 $13,077,83217 JenniferGong-Gershowitz 1,377 927 450 $19,823,61218 RobynGabel 1,235 814 421 $19,352,10119 LindseyLaPointe 1,287 1,021 266 $8,256,13420 BradleyStephens 1,106 826 280 $8,733,09321 EdgarGonzalez,Jr. 656 560 96 $3,055,47822 MichaelJ.Madigan 899 747 152 $4,650,16323 MichaelJ.Zalewski 755 614 141 $4,457,15024 ElizabethHernandez 801 677 124 $3,321,96925 CurtisJ.Tarver,II 1,530 1,084 446 $16,092,77326 KambiumBuckner 1,610 1,190 420 $18,234,77527 JustinSlaughter 1,379 926 453 $13,245,31728 RobertRita 987 646 341 $9,124,34629 ThaddeusJones 1,258 833 425 $13,152,00230 WilliamDavis 899 646 253 $6,924,92831 MaryE.Flowers 1,158 847 311 $8,545,00532 AndréThapedi 833 643 190 $5,261,15933 MarcusC.Evans,Jr. 1,177 795 382 $10,940,76534 NicholasK.Smith 1,309 894 415 $11,853,08435 FrancesAnnHurley 1,584 1,137 447 $16,199,00036 KellyM.Burke 1,394 979 415 $13,222,54037 MargoMcDermed 1,366 989 377 $11,762,32138 DebbieMeyers-Martin 1,363 951 412 $13,299,97639 WillGuzzardi 919 810 109 $3,426,48740 JaimeM.Andrade,Jr. 1,010 883 127 $3,947,09641 GrantWehrli 1,371 1,080 291 $9,483,71742 AmyGrant 1,600 1,212 388 $13,253,94443 AnnaMoeller 788 626 162 $4,215,83744 FredCrespo 648 529 119 $2,994,14845 DianePappas 801 639 162 $5,540,30646 DebConroy 697 555 142 $4,556,84247 DeanneM.Mazzochi 1,439 1,048 391 $16,160,18448 TerraCostaHoward 1,675 1,193 482 $16,807,17049 KarinaVilla 1,168 944 224 $7,153,13950 KeithR.Wheeler 1,681 1,336 345 $10,208,20751 MaryEdly-Allen 993 735 258 $9,321,09952 DavidMcSweeney 918 724 194 $5,569,99353 MarkL.Walker 1,046 744 302 $9,611,64654 ThomasMorrison 1,073 791 282 $8,398,73655 MartinJ.Moylan 877 640 237 $7,848,45656 MichelleMussman 848 662 186 $5,177,72457 JonathanCarroll 670 500 170 $5,929,63958 BobMorgan 732 484 248 $10,141,35259 DanielDidech 690 543 147 $5,008,87860 RitaMayfield 345 263 82 $2,515,563

SURS MEMBERSHIP COUNTS AND NET BENEFITS BY HOUSE DISTRICT

*AsofMarch18,2020

AllSURS Active& Benefit AnnualDistrict Members* Inactive* Recipients* NetBenefits*61 JoyceMason 789 616 173 $5,608,12462 SamYingling 926 730 196 $6,517,33863 StevenReick 758 546 212 $6,142,36464 TomWeber 911 651 260 $8,023,09465 DanUgaste 1,542 1,077 465 $16,095,66766 AllenSkillicorn 967 781 186 $5,143,76967 MauriceA.West,II 409 308 101 $2,286,61668 JohnM.Cabello 1,275 817 458 $11,730,58469 JoeSosnowski 1,054 738 316 $8,257,95870 JeffKeicher 4,447 2,730 1,717 $61,274,56271 TonyMcCombie 778 520 258 $6,536,94272 MichaelHalpin 697 417 280 $7,285,48273 RyanSpain 1,592 1,142 450 $11,798,56174 DanielSwanson 1,114 764 350 $8,023,56875 DavidA.Welter 910 723 187 $4,448,03476 LanceYednock 1,004 695 309 $7,435,21577 KathleenWillis 650 537 113 $2,582,98478 CamilleY.Lilly 2,228 1,671 557 $23,632,73479 LindsayParkhurst 1,015 732 283 $7,519,23880 AnthonyDeLuca 1,451 1,015 436 $14,953,00481 AnneStava-Murray 1,571 1,163 408 $15,044,72782 JimDurkin 1,416 991 425 $17,753,81783 BarbaraHernandez 606 464 142 $3,013,16084 StephanieA.Kifowit 938 821 117 $3,831,67785 JohnConnor 731 568 163 $4,834,45386 LawrenceWalsh,Jr. 772 607 165 $4,774,41587 TimButler 1,952 1,411 541 $11,859,56888 KeithP.Sommer 3,089 2,093 996 $28,137,85289 AndrewS.Chesney 1,040 678 362 $9,658,69790 TomDemmer 2,421 1,554 867 $24,733,64091 MichaelD.Unes 1,058 761 297 $6,656,49392 JehanGordon-Booth 1,066 817 249 $6,054,83993 NorineK.Hammond 3,474 1,956 1,518 $51,951,86994 RandyE.Frese 1,209 800 409 $8,645,77795 AveryBourne 1,254 894 360 $7,045,96196 SueScherer 1,466 1,039 427 $11,571,23297 MarkBatinick 1,260 1,004 256 $7,364,14898 NatalieA.Manley 974 732 242 $6,517,98499 MikeMurphy 4,473 3,044 1,429 $42,741,898100 C.D.Davidsmeyer 1,061 738 323 $6,559,538101 DanCaulkins 4,162 2,658 1,504 $49,839,411102 BradHalbrook 5,414 3,438 1,976 $68,276,938103 CarolAmmons 9,956 7,025 2,931 $122,253,114104 MichaelT.Marron 6,324 3,832 2,492 $102,897,693105 DanBrady 4,679 3,215 1,464 $53,561,122106 ThomasM.Bennett 1,279 851 428 $11,677,441107 BlaineWilhour 1,198 825 373 $7,884,219108 CharlesMeier 1,717 1,237 480 $11,048,703109 DarrenBailey 2,032 1,525 507 $9,098,002110 ChrisMiller 3,969 2,294 1,675 $54,441,999111 MonicaBristow 1,497 973 524 $13,775,212112 KatieStuart 2,520 1,738 782 $27,150,684113 JayHoffman 1,243 849 394 $8,586,958114 LaToyaGreenwood 1,207 807 400 $9,231,455115 TerriBryant 4,781 2,824 1,957 $70,744,750116 NathanD.Reitz 917 651 266 $5,478,272117 DaveSeverin 3,611 2,255 1,356 $37,983,817118 PatrickWindhorst 2,414 1,471 943 $28,179,467 Total 183,557 130,094 53,463 $1,740,944,266

16

SURS MEMBERSHIP COUNTS AND NET BENEFITS BY HOUSE DISTRICT

*AsofMarch18,2020

17

PERTINENT LEGISLATIVE COMMITTEES AND MEMBERS

101ST GENERAL ASSEMBLY

SENATE

PensionsChairperson:RobertF.Martwick

MinoritySpokesperson:DonaldP.DeWitteMembers:OmarAquino,MelindaBush,CristinaCastro, LauraEllman,StevenM.Landek,HeatherA.Steans,

JohnF.Curran,DaleFowler,SueRezin

Higher EducationChairperson:PatMcGuireVice-Chairperson:CelinaVillanueva

MinoritySpokesperson:SteveMcClureMembers:OmarAquino,ScottM.Bennett,BillCunningham,LauraEllman,

EmilJonesIII,LauraM.Murphy,SteveStadelman,PatriciaVanPelt, DaleFowler,DanMcConchie,ChapinRose,ChuckWeaver

Special Committee on Pension InvestmentsCo-Chairperson:NapoleonHarris,IIICo-Chairperson:DonaldP.DeWitteChristopherBelt,RobertF.Martwick,CelinaVillanueva,RamVillivalam,

SteveMcClure,BrianW.Stewart,JilTracy

HOUSE

Appropriations-Higher EducationChairperson:LaShawnK.FordVice-Chairperson:NicholasK.Smith

RepublicanSpokesperson:DanBradyMembers:CarolAmmons,TerriBryant,KellyM.Burke,JohnConnor,MichaelHalpin, NorineK.Hammond,JeffKeicher,JoyceMason,DebbieMeyers-Martin,MikeMurphy,

AaronM.Ortiz,DaveSeverin,MauriceA.WestII

Higher Education Chairperson:CarolAmmonsVice-Chairperson:KatieStuart

RepublicanSpokesperson:NorineK.HammondMembers:DanBrady,MonicaBristow,TerriBryant,KambiumBuckner,KellyM.Burke,

JenniferGong-Gershowitz,EdgarGonzalezJr.,BarbaraHernandez,ElizabethHernandez,JayHoffman,JeffKeicher,MichaelT.Marron,TonyMcCombie,DaveSeverin,EmanuelChrisWelch,

MauriceA.WestII,PatrickWindhorst

Personnel & PensionsChairperson:VacantVice-Chairperson:MichaelJ.Zalewski

RepublicanSpokesperson:MarkBatinickMembers:CarolAmmons,KellyM.Burke,LaShawnK.Ford,GregoryHarris,

ThomasMorrison,StevenReick,LamontJ.RobinsonJr.,BlaineWilhour

Formoreinformationgotowww.ilga.gov.

http://www.ilga.gov

December 2020

CONTACT INFORMATIONStateUniversitiesRetirementSystemofIllinois

1901FoxDriveChampaign,IL61820

800-275-7877FAX:217-378-9800

www.surs.org

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