The first state-run pension plan in Illinois, for Chicago teachers, was launched in 1895, but others began decades later. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Subscribe to our newsletter for the latest BGA Policy research, analysis and updates delivered weekly to your inbox. SURS is pleased to offer the following educational webinars and seminars. Choosing one of SURS three retirement plans may seem a bit overwhelming at first. 2018 Comparative Study of Major Public Employee Retirement Systems When you become eligible, you will make a one-time, irrevocable election among three available retirement benefit plans. Tier III benefits are available to all Tier II employees and involve a hybrid benefit and 401(k)-style plan. However, the separation refund feature is not as generous as the Portable Pension Plan. Select. 223 W. Jackson Blvd. 2101 S. Veterans Parkway Illinois State Employees Retirement System made up 0.15% of the total payroll expenditure of Illinois in 2020. The Employee Database tracks salary information on state employees from the current year as well as previous years. We updated our pension database with fresh info, but we need your help! In order to provide this security, adequate funding is necessary to meet the requirements of the Illinois Pension Code. State Employees' Retirement System of Illinois Springfield, Illinois Dear Board Members: This report provides accounting and financial reporting information that is intended to comply with the Governmental Accounting Standards Board (GASB) Statement Nos. 1 heading) ARTICLE 1. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. We have the 2023 schedule posted for your convenience. The funding level data comes from the Commission on Government Forecasting and Accountability, a bipartisan organization tasked with providing pension information to Illinois lawmakers. Select. This website is using a security service to protect itself from online attacks. Follow; Follow; The action you just performed triggered the security solution. Suite #300 Chicago, IL 60606| Tel - 312.427.8330 Better Government Association 2020 All rights reserved. Some funds designate whether a wife or child inherited the pension; others indicate that a pension is inherited but do not specify the relationship. The Better Government Association is a nonpartisan, nonprofit news organization and civic advocate working for transparency, efficiency and accountability in government across Illinois. Download 2020 pension benefit data (.csv). Pension payouts listed in this database are represented as annual amounts. Most active SURS members employed by a state university, community college or other government entity will be able to participate. Number of employees at State Retirement System of Illinois in year 2022 was 196. Please reload the page and try again. Illinois Public Pensions Database The BGA will not modify, remove or add any individual records, unless the records are not consistent with those provided by the pertinent public body at the time of the FOIA request. We request, compile, organize and check data we receive from hundreds of taxing bodies across Illinois and put it into an easy-to-use site for you. We just added 2020 data on pension payouts to individuals and updated the status of funding levels for Illinois, Cook County, Chicagoand some downstate pension funds. Welcome to the State Retirement Systems (SRS) of Illinois' website! records and provide summaries of your IMRF members' accounts for 2022. Illinois State Employees Retirement System made up of the total payroll expenditure of Illinois in . Chicago, IL 60606. Springfield, IL 62704 Data year: and meetings, advocates for good government and empowers The Traditional Pension Plan is also the default plan assigned to members who fail to choose a plan within six months of certification. The data is from 2012 through 2016. Some agree to accept a survivor annuity so they can pass a greater benefit to a survivor. SERS encourages members to be cautious of email solicitations and skeptical of any attempts by outside firms to request personal or financial information. 2101 S. Veterans Parkway Springfield, IL 62704 Phone: 217-785-7444 Fax: 217-785-7019 Email SERS The use of the database for commercial purposes or for gathering data in furtherance of any type of marketing is prohibited. Retirement security for Illinois educators is the primary goal of the TRS Board of Trustees and the underlying principle in the evaluation of all legislative proposals. Congressional "bailouts" made it. Check it out! Heres Where He Stands on Government Transparency and Ethics, Download the data from the Pension Outlook Database, Lightfoots Outgoing Executive Orders Defy Precedent; Court Conflicts with Council, How a FOIA Loophole in Illinois Puts Kids at Risk. It provides lifetime retirement benefits and a survivor benefit at no additional cost. Visit our Site Contact Agency Related Agencies search Agencies The raw data from the project is available here. How the TRS Supplemental Savings Plan works with the TRS Pension Plan to enhance teachers' retirements. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Our Plan Choice Decision Tool Can Help You Select the Retirement Plan That Best Meets Your Needs. Now we need your help. There are three tiers of pension beneficiaries. This database is provided as a public service and is intended to serve as an informational tool only. The Illinois Public Pensions Database contains nearly a decade of system metadata and millions of beneficiary records for the largest public-sector pension funds in Illinois. Review financial statements, investment objectives and allocations, funding ratios, membership statistics and more. Chairperson: John Atkinson | Executive Director: Suzanne Mayer1901 Fox Drive Champaign, Illinois 61820Dial Toll Free: 800-275-7877, Dial Direct: 217-378-8800, Fax: 217-378-9800, Chairperson: John Atkinson | Executive Director: Suzanne Mayer, Dial Toll Free: 800-275-7877, Dial Direct: 217-378-8800, Fax: 217-378-9800, Retirement Planning Webinars Are Available Online, SURS FY 2022 Annual Comprehensive Financial Report, An Additional Way To Save For Your Retirement, SURS Summer 2023 Newsletter Now Available, SURS Board Approves Updating Strategic Asset Allocation Targets. Explore nearly a decades worth of system metadata and millions of beneficiary records from the largest public-sector pension funds in Illinois. As a past user, you can be the first to explore the Better Government Association's updated Illinois Public Pensions Database before we reveal it to the world. Pension Data Document Fund: Document Name. Directory of Illinois Public Retirement Systems and Pension Funds Commission on Government Forecasting and Accountability 703 Stratton Office Building Springfield, IL 62706 217/782-5320 217/782-3513 (Fax) AUGUST 2008 Commission on Government Forecasting and Accountability CO-CHAIRMEN Search. All records contained in the database are public and were obtained under the Illinois Freedom of Information Act, or FOIA. Privacy Policy and Legal Disclaimers (40 ILCS 5/) Illinois Pension Code. Our newsroom uncovers waste and wrongdoing in government, The public pension crisis is driving property taxes, making it more costly for teachers to live in Illinois. For more on pensions, take a look here: Backstory - Pensions: Explaining Illinois pension crisis, how pension funds are invested, and more.. View it in your web browser. The categories are retiree, inheritor, QILDRO and disability. The raw data from the project is available here . Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; District of Columbia The data is from 2012 through 2016. State Universities Retirement System (SURS) SURS is the retirement administrator for employees in public higher education in the State of Illinois. The BGA does not guarantee the accuracy, completeness, or validity of this information and disclaims any responsibility for any errors or omissions on this database. There was an error and we couldn't process your subscription. Learn More. You will want to have a solid understanding of your options before you decide. We've updated and made it better. Email SERS. Not all of the pension funds provided the status or identity of all pension recipients. The Illinois Pensions database and Illinois Public Salaries databaseare excellent resources for those who used the Pension Outlook site. FOR JRS/GARS MEMBERS ONLY The SURS Retirement Savings Plan (RSP) is a defined contribution plan that establishes an account into which your contributions and the employer (state of Illinois) contributions are placed. Search. Subscribe | Visit Website | Unsubscribe. Teachers' Retirement System. Recent laws may not yet . Click to reveal A pension can also be inherited. 2101 S. Veterans Parkway Springfield, IL 62704 Phone: 217-785-7444 Fax: 217-785-7019 Email SERS The goal of the ramp was to get all pension funds in the state funded at a minimum of 90% by 2045. This database is resource intensive, both in money and time. Cubbage: City Council Has New Committees. Search by agency, individual name, position, salary, or even year of service. Read about the 2024 trustee election, DCP auto enrollment, educational webinars and recent legislation. Email JRS We do this because we believe detailing how tax dollars are spent serves the public interest. National Association of State Retirement Administrators, February 2020 Among the 130 plans examined, nearly all reduced their assumption in recent years, resulting in a decline in the average return assumption from 7.52 percent in 2017 to 7.20 percent in 2020. Learn More April 18, 2022 Your Glass is Half Full Workshop Webinar Learn about your pension and your benefits as an IMRF member. We are counting on your feedback! You decide how your account balance will be invested, selecting from a variety of mutual funds and variable annuities. 01/17/2020 Across all five state retirement systems, typical career workers pay for about 5% of the cost of their pension benefits. Some funds provided the average rate of final pay used to calculate an annual pension for its members, while others did not. The use of the database for commercial purposes or for gathering data in furtherance of any type of marketing is prohibited. citizens to engage and act. Source coming soon. These emails may appear to come from SERS or appear to represent SERS, they do not. EXPLORE DATA Public Pensions Database Email GARS. State of Illinois Top 200 Government Pensions As of April 1, 2014 (Page 1) Published by Taxpayer Education Foundation . The Illinois Public Pensions Database contains nearly a decade of system metadata and millions of beneficiary records for the largest public-sector pension funds in Illinois. Having trouble viewing this email? Our goal is to educate our members about the retirement, disability and death benefits afforded under each System. All of the records from the old site are available here. April 18, 2022 Pre-Retirement Workshop Webinar Learn the steps you must take before and during the retirement application process. State Employees Group Insurance Program Rates; College Insurance Program Rates; . Phone: 217-782-8500 Illinois is home to the second-highest property taxes in the country and double the . The Employer Retirement Reserve Statement provides accounting of your employer's IMRF assets for 2022 and the Employer Copies of Member Statements are for your employer's The data from past years could contain some figures for individuals represented as monthly payments. Retirement security for Illinois educators is the primary goal of the TRS Board of Trustees and the underlying principle in the evaluation of all legislative proposals. Employee's Last Name Issue Year Agency Position Salary Range $0 $400k Grand Totals $ 110,372 $ 3,148,606,300 Showing 1 to 20 of 95 entries If a conflict arises between information in the IMRF website and the law, all decisions are based on the law. Springfield, IL 62704 All rights reserved, Position Classification & Payroll Code Books, Supplement to SAMS Manual Procedure 2 - PDF, Supplement to SAMS Manual Procedure 2 - Excel, Contact Information For Local Governments, Office of the Executive Inspector General, ABRAHAM LINCOLN PRESIDENTIAL LIBRARY MUSEUM, COMMISSION ON GOVERNMENT FORECASTING & ACCOUNTABILITY, CRIMINAL JUSTICE INFORMATION AUTHORITY, IL, DEPARTMENT OF CENTRAL MANAGEMENT SERVICES, DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY, DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION, DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES, GOVERNORS OFFICE OF MANAGEMENT AND BUDGET, IL PLANNING COUNCIL ON DEVELOPMENTAL DISABILITIES, ILLINOIS WORKERS' COMPENSATION COMMISSION, LAW ENFORCEMENT TRAINING & STANDARDS BOARD, IL, OFFICE OF THE EXECUTIVE INSPECTOR GENERAL, OFFICE OF THE LEGISLATIVE INSPECTOR GENERAL, STATE UNIVERSITIES CIVIL SERVICE MERIT BOARD, SUPREME COURT HISTORIC PRESERVATION COMMISSION. The payroll deferrals, together with any earnings, accumulate tax-deferred until the employee terminates service, dies, or incurs unforeseeable financial hardship Are you confused by something? The secure message feature in Member Access also allows you to send documents to IMRF or ask questions securely. Fax: 217-524-9039 2101 S. Veterans Parkway Springfield, IL 62704 Phone: 217-785-7444 Fax: 217-785-7019 Email SERS They receive an average of $1.7 million to $3.6 million. The SURS Portable Pension Plan is a Defined Benefit retirement plan that has much in common with the Traditional Pension Plan. Do you like it? If you are within a year of retirement and need an appointment, you can request an appointment by emailingSERS@srs.illinois.govor by calling (217) 785-7444. Last year we revamped the site and now we are building on that work to add more data and more analysis, but we need more eyes on it before making it public to everyone. The normal cost and total cost figures come from the Annual Financial Reports of the individual funds. . Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Funding must be provided . appropriate goal for State-funded retirement systems in Illinois, and it shall report its findings and recommendations . Search by agency, individual name, position, salary, or even year of service. Illinois Public Pensions Database Search Illinois Public Employee Pension Data 2020 Looking for the Better Government Association's Pension Database? By using this public database, you indicate that you understand and agree to the following disclaimers, terms and conditions: The data from past years could contain some figures for individuals represented as monthly payments. (40 ILCS 5/Art. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. 67 and 68 for the State Employees' Retirement System of Illinois ("SERS"). A retiree is the most simple. You decide how your account balance will be invested, selecting from a variety of mutual funds and variable annuities. Some pensions are considered disability benefits. Pension payouts listed in this database are represented as annual amounts. Now Its Time to Reform Committee Staffing. Benefits can be collected by a retiree, inherited by a spouse or child, paid as part of a disability claim or a divorce settlement. Performance & security by Cloudflare. The Better Government Association is a nonpartisan, nonprofit news organization and civic advocate working for transparency, efficiency and accountability in government across Illinois. One included increasing pensions by 3%, compounded annually. You can safely update your beneficiaries, address, email and phone numbers. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. In order to provide this security, adequate funding is necessary to meet the requirements of the Illinois Pension Code. They may also collect public salaries. Illinois public employees and retirees with $100,000+ paychecks grew from 109,881 (2019) to an all-time high of 122,258 in 2020 - costing taxpayers $15.8 billion. More than 129,000 Illinois public retirees will collect estimated payouts of more than $1 million each over the course of their retirements, according to new analysis from the Illinois Policy. 2022 ILLINOIS COMPTROLLER'S OFFICE. Phone Pension Employee Contributions Age At Retirement Pension Paid to Date *Estimated Lifetime Pension Payout % Of Lifetime Estimate Paid by Employee *Assumes Life Expectency of 85 (IRS Form 590) and 3% COLA compounded annually. Cloudflare Ray ID: 7e3e0b7ba807475a (Source Document) This is a person who worked for the employer, retired and then collected the benefit. The Employee Database tracks salary information on state employees from the current year as well as previous years. The SURS Traditional Pension Plan is the historical SURS Defined Benefit retirement plan. Participation is mandatory if you are eligible. 2017 Annual Retirement Systems Actuarial Valuation Reports Stored by Article Number.pdf. Summary. But the ramp also allowed underfunding to get worse under both Republican and Democratic administrations for 15 years because it only gradually increased the states obligation over that time. All records contained in the database are public and were obtained under the Illinois Freedom of Information Act, or FOIA. The project was intended to complement the Pension Database by showing employee contributions in the major public-sector pension funds in Illinois forcurrent and former government employees who someday may collect a taxpayer-subsidized pension.