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

LegislationPassedinFiscalYear2017 ................................................................................................................6-7HouseBill4259–SURSParticipationLimitedtoPublicEmployeesHouseBill6021–ElectiontoRestoreSurvivorsInsuranceBenefitsHouseBill6030–DeceasedAnnuitantIdentificationProcessSenateBill2156–SURSParticipation,BasicCompensation,andEarningsLimitations

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

FiscalYear2018ProposedContribution ................................................................................................................ 9ConsequencesofUnderfundingHistoricalFundingRatios

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

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

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

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

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

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

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

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

1

WHO IS SURS?ThegovernorandGeneralAssemblyfoundedtheUniversityRetirementSystemin1941asanadministratorofben-efitsforemployeesoftheUniversityofIllinois.Inthefollowingyears,theSystemgrewtoincludeotheruniversities,collegesandaffiliatedagenciesthroughoutthestate.In1963,theSystemadopteditscurrentname,StateUniversitiesRetirementSystem(SURS).SURSemploysapproximately127peopleinitsChampaignandNapervilleofficesandprovidesretirement,survivor,disabilityanddeathbenefitstomorethan232,000membersthroughouttheworld.

MEMBERSHIPSURSservesadiversegroupofemployeeswithoccupationsrangingfromprofessorsandteacherstoclerical,buildingserviceworkersandgroundskeepers.

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

Benefits PaidSURSdefinedbenefitplanbenefitpaymentsforfiscalyear2017were$2.38billion.Theaveragemonthlyretire-mentannuitywas$3,349.40asofMarch1,2018.

BOARD OF TRUSTEESTheSURSBoardofTrustees iscomprisedof11members: fourappointedby thegovernor, fourcontributingmemberselectedbythecontributingmembersofSURS,twoannuitantselectedbytheannuitantsofSURSandthechairoftheIllinoisBoardofHigherEducation.SURSwillholdaboardelectionApril2throughMay1,2018,tofilltheexpiringtermsoftwoactive-membertrusteepositions.Oneannuitantcandidate,currentTrusteeJohnEngstrom,completedthenecessarypetitionstobe eligiblefortheopenannuitant-trusteeposition.SURSwillnotconductanelectionforthatseat.TrusteeEngstromwillcontinueservingontheboard.

Tom CrossChairpersonAppointedTermExpires:January2019

John EngstromTreasurerElectedTermExpires:July2024

Aaron AmmonsBoardMemberElectedTermExpires:July2021

Mark CozziBoardMemberAppointedTermExpires:June2021

Dennis CullenBoardMemberAppointedTermExpires:June2021

J. Fred GiertzBoardMemberElectedTermExpires:July2021

Paul R.T. Johnson Jr.BoardMemberAppointedTermExpires:June2018

Craig McCrohonBoardMemberAppointedTermExpires:June2018

Steven RockBoardMemberElectedTermExpires:July2018

Antonio VasquezBoardMemberElectedTermExpires:July2021

Thereiscurrentlyoneva-cantelectedactive-memberseat.

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($177,500inFY2018).

• 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

Chicago, IL 60602-3103Tel. (312) 603–1200 Fax (312) 603–9760

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

Chicago, IL 60654-4739Tel. (312) 236–2065 Fax (312) 236–0574

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

Chicago, IL 60603-5713Tel. (312) 553–9265 Fax (312) 553–9114

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

5

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f the

Illin

ois P

ensi

on C

ode.

6

LEGISLATION PASSED IN FISCAL YEAR 2017

House Bill 4259 – SURS Participation Limited to Public Employees

Public Act 99-0830Sponsors–RepresentativeMartinJ.MoylanandSenatorJenniferBertino-TarrantHB4259excludesindividualswhobeginemploymentwiththefollowingemployersonorafterJan.1,2017,fromparticipationunderSURS:certainassociationsofcommunitycollegeboards, theAssociationof IllinoisMiddle-GradeSchools,theIllinoisAssociationofSchoolAdministrators,theIllinoisAssociationforSupervisionandCurriculumDevelopment,theIllinoisPrincipalsAssociation,theIllinoisAssociationofSchoolBusinessOf-ficials,theIllinoisSpecialOlympicsandanyentitynotdefinedasanemployer.HB4259alsogivestheSURSBoardofTrusteesfinaldeterminationastowhetherapersonisanemployeecov-eredunderSURS.HB4259becameeffectiveonJan.1,2017.

House Bill 6021 – Election to Restore Survivors Insurance Benefits

Public Act 99-0682Sponsors–Rep.SamYinglingandSen.DanielBissHB6021allowseligibleSURSretireestorestoretheirsurvivorsinsurancebenefitsbymakingaone-time,irrevo-cableelectiontorepaytheirsurvivorsrefundoradditionalannuity,alongwithinterestcompoundedattheactuari-allyassumedrateofreturn(7.25percent),toSURS.ThecompoundedinterestappliesfromthedateofissuanceoftherefundtotheSURSretiree,orthedateofissuanceofeachadditionalannuitypaymenttotheSURSretiree,untilthedateofrepaymenttoSURS.FullrepaymentmustbemadetoSURSbytheearlierof:24monthsafterthedateoftheelectionorthedateoftheretiree’sdeath.Eligibleretireeshaveoneyear,beginningDecember29,2016,toirrevocablyelecttorestoretheirsurvivorsinsurancebenefits.UnderHB6021,aneligibleSURSretireemustmeetthefollowingrequirements:

• HeorsheretiredbeforeJune1,2011,andreceivedarefundoradditionalannuityequaltotheamountofhisorhersurvivorsinsurancecontributions;and

• Heorsheisapartytoa:(1)civilunionorlegalrelationshipthatisrecognizedasacivilunionormarriageonorafterJune1,2011;(2)marriageonorafterFeb.26,2014;or(3)marriage,civilunion,orotherlegalrelationshipthatwasnotrecognizedinIllinoisasacivilunionormarriageuntilJune1,2011,amarriageuntilFeb.26,2014,orboth.

HB6021becameeffectiveJuly19,2016,withtheelectionperiodbeingDec.29,2016,throughDec.28,2017.

House Bill 6030 – Deceased Annuitant Identification Process

Public Act 99-0683Sponsors–Rep.DebConroyandSen.ThomasCullertonHB6030requireseachpensionfundandretirementsystemundertheIllinoisPensionCode,exceptfordownstatepoliceandfirefighterspensionfunds,todevelopandimplement,byJune30,2017,aprocesstoidentifydeceasedannuitants. Specifically,HB6030requiresthepensionfundorretirementsystemtocheckfordeceasedannuitantsatleastoncepermonthandtousecommonmethodstoidentifydeceasedpersons,including:

• Theuseofathirdpartyentitythatspecializesinidentifyingdeceasedpersons;• TheuseofdataprovidedbytheSocialSecurityAdministration;• TheuseofdataprovidedbytheIllinoisDepartmentofPublicHealth’sOfficeofVitalRecords;or• Theuseofanyothermethodcommonlyusedbyotherstatestoidentifydeceasedpersons.

7

HB6030alsoamendstheVitalRecordsActtorequireanyinformationcontainedinthestatevitalrecordstobemadeavailable,atnocost,toanypensionfundorretirementsystemundertheIllinoisPensionCodeforadmin-istrativepurposes.HB6030becameeffectiveJuly9,2016,withtheprocesstoidentifydeceasedannuitantsrequiredbyJune30,2017.

Senate Bill 2156 – SURS Participation, Basic Compensation, and Earnings Limitations

Public Act 99-0897Sponsors–Sen.BillCunninghamandRep.KellyM.BurkeSB2156makesthefollowingchangesforemployees:

• It excludes individualswhobegin employmentwith the followingemployersonor after Jan. 1, 2017,fromparticipationunderSURS:certainassociationsofcommunitycollegeboards,theAssociationofIl-linoisMiddle-GradeSchools,theIllinoisAssociationofSchoolAdministrators,theIllinoisAssociationforSupervisionandCurriculumDevelopment,theIllinoisPrincipalsAssociation,theIllinoisAssociationofSchoolBusinessOfficials,theIllinoisSpecialOlympicsandanyentitynotdefinedasanyemployer.ItalsorequirestheSURSBoardofTrusteestopromulgaterulestodeterminewhetherapersonisanemployeecoveredunderSURSandgivestheboardfinaldeterminationastowhetherapersonisanemployeecoveredunderSURS.

• Itexcludesamountsforbonuses,housingallowances,vehicleallowances,socialclubduesandathleticclubduesfromthecalculationofpensionsforemployeeswhofirstbecomeparticipantsofSURSonandafterJan.1,2017.

• Itprovidesthatifaparticipant,beneficiary,orannuitantfailstoprovideanyinformationnecessaryforthecalculation,payment,orfinalizationofaretirement,survivors,disability,ordeathbenefitwithin90daysoftheSystem’srequestforsuchinformation,thentheSystemmayceaseprocessingthebenefitandmaynotpayanyadditionalbenefitpaymentuntiltherequestedinformationisprovided.

SB2156makesthefollowingchangesforemployers:• ItrequiresanemployertorespondtoarequestfromSURSforanyinformationnecessaryfortheproper

administrationoftheSystem(includingemploymentcontracts)within90calendardaysandtorespondtoarequestpursuanttoanemployerauditconductedbytheSystemwithin60calendardays.

SB2156alsomakes thefollowingchangesrelated tofurloughsandvoluntarypayreductionsexperiencedbypublichighereducationemployees:

• ItallowsaSURSparticipanttoestablishserviceandearningscreditforperiodsoffurlough,beginningonorafterJuly1,2015,andendingonorbeforeJune30,2017.Theparticipantmustpaytherequiredem-ployeeandemployercontributions,inadditiontocompoundedinterestattheactuariallyassumedrateofreturn(7.25percent),toestablishtheserviceandearningscredit.Thecompoundedinterestappliesfromthedateoffurloughuntilthedateofpayment.ApplicationtotheSystemmustbemadebeforeDec.31,2018.

• ItallowsaSURSparticipanttoestablishearningscreditforperiodsofavoluntarypayreductiontakeninlieuoffurlough,beginningonorafterJuly1,2015,andendingonorbeforeJune30,2017.Theparticipantmustpaytherequiredemployeeandemployercontributions,inadditiontocompoundedinterestattheac-tuariallyassumedrateofreturn(7.25percent),toestablishtheearnings.Thecompoundedinterestappliesfromthedateofthevoluntarypayreductionuntilthedateofpayment.ApplicationtotheSystemmustbemadebeforeDec.31,2018.

• ItrequiresSURStoincludeearningsthatwouldhavebeenpaidtoaparticipanthadheorshenottakenaperiodoffurloughoravoluntarypayreductioninlieuoffurloughbeginningonorafterJuly1,2015,andendingonorbeforeJune30,2017forthepurposesofdeterminingwhethertheemployermustpaythepres-entvalueofearningsincreasesabove6%duringthefinalrateofearningsperiodtoSURS.

• Finally,SB2156codifiesthedefaultinvestmentfundundertheSelf-ManagedPlan.SB2156becameeffectiveJan.1,2017.

8

HISTORY OF STATE CONTRIBTIONS

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 (in millions)

FiscalYear

TotalActuariallyDeterminedContribution

Member Contributions

Net State/ Employer ADC

Actual ER Contribution

StateContributionas%ofNetARC

1997 634.8 202.2 432.6 182.0 42.01998 512.1 221.7 290.4 227.8 78.41999 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 88.5

SURS Cash Flow (Defined Benefit)

2014 2015 2016 2017StateContributions $1,458,965,014 $1,488,591,489 $1,542,946,474 $1,612,164,501EmployerContributions 43,898,604 39,933,909 39,348,478 38,386,209EmployeeContributions 283,081,326 267,682,083 278,883,776 278,642,830TotalContributions 1,785,944,944 1,796,207,481 1,861,178,728 1,929,193,540BenefitPayments/Expense 2,099,624,042 2,227,762,714 2,335,560,290 2,444,313,983NetCashFlow ($313,679,098) ($431,555,233) ($474,381,562) ($515,120,443)

9

FISCAL YEAR 2019 PROPOSED CONTRIBUTION

TheproposedstatecontributiontoSURSforFY2019is$1,655,154,000.Proposedcontributionstothefivestateretirementsystemstotal$8,678,855,109.

CONSEQUENCES OF UNDERFUNDING

HistoricalunderfundingofthefivestateretirementsystemshaspositionedIllinoisasoneoftheworstinthenationinpensionfunding.AsofJune30,2017,unfundedliabilitiesforthefivestateretirementsystemstotaledmorethan$129billionandthesystemswere39.8percentfundedbasedonamarketvalueofassets.SURSunfundedactuarialliabilitiestotaled$23.3billion,andSURSwas44.4percentfundedbasedonanactuarialvalueofassets.

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

20172016201520142013201220112010200920082007200620052004

66.0%

65.6% 65.4%

68.4%

58.5%54.3%

46.4%44.3%

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

Historical Funding RatiosStartingwithfiscalyear2009,thefundingratioswerecalculatedusingtheactuarialvalueofassets.

PriortoFY2009,themarketvalueofassetswereused.

10

Thischartshowstheprojectedtotalstatecontributionsthroughfiscalyear2045,baseduponcurrentactuarialassumptionsandtheJune30,2017,actuarialevaluation.

Funding Projections for SURS(in Millions)

FiscalYear

Annual Payroll**

TotalStateContributions*

State Contributionasa%ofPayroll

TotalEmployee Contribution

ActuarialAccrued

Liabilities

Actuarial ValueofAssets

UnfundedActuarial Accrued

Liabilities

FundedRatio

2018 $4,454.42 $1,615.48 36.27% $283.67 $42,955.89 $19,306.53 $23,649.36 44.95%2019 4,593.49 1,640.73 35.72% 291.88 44,029.40 19,696.15 24,333.26 44.73%2020 4,751.48 1,723.01 36.26% 289.25 45,056.82 20,243.92 24,812.90 44.93%2021 4,889.37 1,804.69 36.91% 293.90 46,042.32 21,061.37 24,980.95 45.74%2022 5,014.85 1,857.95 37.05% 298.13 46,968.75 21,706.46 25,262.29 46.21%2023 5,142.98 1,891.55 36.78% 302.58 47,833.33 22,314.94 25,518.39 46.65%2024 5,277.18 1,939.74 36.76% 307.48 48,635.72 22,902.61 25,733.12 47.09%2025 5,424.26 1,988.20 36.65% 313.18 49,377.68 23,473.44 25,904.24 47.54%2026 5,575.96 2,044.14 36.66% 319.29 50,052.05 24,031.31 26,020.74 48.01%2027 5,732.91 2,102.67 36.68% 325.73 50,653.58 24,576.80 26,076.79 48.52%2028 5,897.53 2,159.88 36.62% 332.66 51,186.57 25,116.47 26,070.10 49.07%2029 6,072.97 2,222.14 36.59% 340.23 51,654.17 25,662.62 25,991.56 49.68%2030 6,253.91 2,282.45 36.50% 348.11 52,049.40 26,211.82 25,837.58 50.36%2031 6,441.47 2,346.40 36.43% 356.30 52,369.23 26,770.45 25,598.78 51.12%2032 6,637.92 2,419.78 36.45% 364.85 52,613.53 27,354.27 25,259.26 51.99%2033 6,847.23 2,503.93 36.57% 374.08 52,853.48 28,052.27 24,801.22 53.08%2034 7,066.11 2,598.86 36.78% 383.80 53,034.66 28,829.12 24,205.55 54.36%2035 7,293.83 2,682.62 36.78% 393.99 53,159.77 29,685.54 23,474.23 55.84%2036 7,530.31 2,769.59 36.78% 404.67 53,231.40 30,637.07 22,594.33 57.55%2037 7,777.74 2,860.59 36.78% 415.89 53,253.90 31,702.71 21,551.19 59.53%2038 8,036.39 2,955.72 36.78% 427.67 53,229.47 32,900.43 20,329.04 61.81%2039 8,306.44 3,055.05 36.78% 440.11 53,166.29 34,254.65 18,911.64 64.43%2040 8,588.49 3,158.78 36.78% 453.25 53,074.98 35,793.22 17,281.75 67.44%2041 8,885.31 3,267.95 36.78% 467.32 52,968.15 37,547.42 15,420.74 70.89%2042 9,193.86 3,381.43 36.78% 482.13 52,861.85 39,551.78 13,310.07 74.82%2043 9,514.39 3,499.32 36.78% 497.62 52,767.11 41,837.94 10,929.18 79.29%2044 9,845.50 3,621.10 36.78% 513.70 52,695.31 44,439.30 8,256.01 84.33%2045 10,189.40 3,747.58 36.78% 530.43 52,658.15 47,392.34 5,265.82 90.00%

**PayrollprojectionsincludeSMPpayroll–15percentofnewSURSmembersareassumedtoenterSMP.Payrollshownispensionablepay.ItdoesnotincludeamountsinexcessofthepaycapthatisapplicabletomembershiredonorafterJan.1,2011,participatingintheTraditionalandPortableplans.

*ExcludesSMPcontributions.

11

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

*Netofinvestmentmanagementfees.AsofDecember31,2017.Currentperformanceinformationisavailableatwww.surs.org/investments.SURSassumedrateofreturnis7.25percent.

1 yr 3 yrs 5yrs 10 yrs 20 yrs 25yrsSURS* 16.2% 7.5% 9.1% 5.9% 7.0% 8.2%Benchmark 15.5% 7.4% 9.1% 6.0% 6.8% 8.1%PublicFundsIndex 16.4% 7.6% 9.2% 5.7% 6.7% 7.8%

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

Asset Allocation Chart(as of December 31, 2017)

U.S. Equity, 25.1%

Non-U.S. Equity, 19.3%

Global Equity, 8.3%

Private Equity, 5.0% Fixed Income,

18.7%

TIPS, 3.6%

Emerging Markets Debt,

3.1%

Real Estate, 9.6%

Commodities, 2.0%

Hedged Strategies, 4.8%

Opportunity Fund, 0.5%

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

John M. Cabello-1,251

Steve Stadelman-1,650

Joe Sosnowski-1,050

Brian W. Stewart-1,008

Tim Bivins-3,440

Litesa E. Wallace-399Dave Syverson-5,508

Neil Anderson-1,498

Robert W. Pritchard-4,458

Tony McCombie-782 Tom Demmer-2,432

Sue Rezin-1,856Jerry Lee Long-1,000

Michael Halpin-716

Chuck Weaver-2,630

David A. Welter-856

Daniel Swanson-1,099

Jason A. Barickman-5,770

Ryan Spain-1,531

Jehan Gordon-Booth-1,038

Thomas M. Bennett-1,239

Keith P. Sommer-2,960

David Koehler-2,063

Michael D. Unes-1,025Dan Brady-4,531

Bill Mitchell-3,943

Randy E. Frese-1,175Norine K. Hammond-3,592

Jil Tracy-4,767 William E. Brady-4,757Scott M. Bennett-15,767

Chad Hays-6,114

Tim Butler-1,797

Carol Ammons-9,653

Sue Scherer-1,429

Wm. Sam McCann-5,185Sara Wojcicki Jimenez-4,222

Brad Halbrook-5,104

C.D. Davidsmeyer-963

Andy Manar-2,647Avery Bourne-1,218

Monica Bristow-1,524

Reginald Phillips-3,982

Chapin Rose-9,047

Dale A. Righter-6,011

John Cavaletto-1,225

William R. Haine-3,981 Kyle McCarter-2,855

James F. Clayborne Jr.-2,413

Katie Stuart-2,457Charles Meier-1,630

David B. Reis-2,029Jay Hoffman-1,243

LaToya Greenwood-1,170

Paul Schimpf-5,787

Terri Bryant-4,855Jerry Costello II-932

Dale Fowler-5,999Natalie Phelps Finnie-2,446

Dave Severin-3,553

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

58

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

981 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

16 - 1,869

839

1517 1161 1385

838 20 - 1,528

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

1Sheri Jesiel-776

Melinda Bush-1,667 Mattie Hunter-2,526

Kimberly A. Lightford-2,835Steven Reick-718 Pamela J. Althoff-1,627

Patricia Van Pelt-2,942

Sam Yingling-891

Heather A. Steans-2,896

Nick Sauer-969

Fred Crespo-652

John J. Cullerton-2,553

Ira I. Silverstein-2,459

Daniel Biss-2,612

Dan McConchie-1,868

Terry Link-1,023

Barbara Wheeler-909

John G. Mulroe-2,356

Martin A. Sandoval-1,445

Michelle Mussman-855

Laura Fine-1,372

Robyn Gabel-1,240Jonathan Carroll-645

Carol Sente-675

Rita Mayfield-348

Scott Drury-714

Steven A. Andersson-1,498

David McSweeney-899

Allen Skillicorn-936 Steven M. Landek-1,445Thomas Morrison-1,142

Kwame Raoul-3,076Karen McConnaughay-2,434

Emil Jones III-2,353Tom Rooney-2,151

Cristina Castro-1,451

Julie A. Morrison-1,359

Anna Moeller-799

Antonio Muñoz-1,596

Omar Aquino-1,672

Jacqueline Y. Collins-1,995John C. D’Amico-1,192

Iris Y. Martinez-1,843

Kelly M. Cassidy-1,424 Chris Nybo-3,091

Laura M. Murphy-1,695

Thomas Cullerton-1,478 Don Harmon-2,851

Daniel J. Burke-559Mike Fortner-1,162

Theresa Mah-1,037

Michael Connelly-2,944

Grant Wehrli-1,319

Mark Batinick-1,204

Jeanne M Ives-1,625

Christine Winger-790

Peter Breen-1,666

Sara Feigenholtz-1,390

Stephanie A. Kifowit-910

Deb Conroy-688

Christian L. Mitchell-1,540 Luis Arroyo-630

Jim Oberweis-2,791

Linda Chapa LaVia-609

Linda Holmes-1,519

Cynthia Soto-1,042

Juliana Stratton-1,550Keith R. Wheeler-1,629

Sonya M. Harper-976

Emanuel Chris Welch-1,559

La Shawn K. Ford-1,276

Toi W. Hutchinson-2,471

Elgie R. Sims-2,479

Napoleon Harris, III-2,170

Pat McGuire-1,489

Michael E. Hastings-2,667

Jennifer Bertino-Tarrant-2,146

Bill Cunningham-2,905

John F. Curran-2,919

Arthur Turner-1,928

Natalie A. Manley-942

David S. Olsen-1,542

John Connor-717

Margo McDermed-1,314

Mary E. Flowers-1,151

Jim Durkin-1,377

Barbara Flynn Currie-1,536

Justin Slaughter-1,384Melissa Conyears-Ervin-1,014

Ann M. Williams-1,163

Frances Ann Hurley-1,563

William Davis-917

Gregory Harris-1,472

Lou Lang-1,267

Robert Martwick-1,241

Robert Rita-969

Al Riley-1,353 Marcus C. Evans Jr.-1,176Michael P. McAuliffe-1,115

Silvana Tabares-620

Lawrence Walsh Jr.-772

Thaddeus Jones-1,253 Michael J. Madigan-825

Michael J. Zalewski-720

Elizabeth Hernandez-725

Anthony DeLuca-1,436 André Thapedi-844

Kelly M. Burke-1,342Nick Smith-1,303

Will Guzzardi-895

Jaime M. Andrade Jr.-948

Patricia R. Bellock-1,425

David Harris-1,009

Martin J. Moylan-840

Lindsay Parkhurst-1,035 Kathleen Willis-632

Camille Y. Lilly-2,219

Number of SURS Members in Each District

NORTHEAST ILLINOIS LEGISLATIVE DISTRICTS

AllSURS Active& Benefit AnnualDistrict Members* Inactive* Recipients* NetBenefits*1 AntonioMuñoz 1,596 1,411 185 $4,912,1672 OmarAquino 1,672 1,504 168 $4,478,5023 MattieHunter 2,526 2,054 472 $15,021,6874 KimberlyA.Lightford 2,835 2,161 674 $22,749,5225 PatriciaVanPelt 2,942 2,540 402 $13,754,2736 JohnJ.Cullerton 2,553 2,047 506 $20,816,2017 HeatherA.Steans 2,896 2,412 484 $15,916,3028 IraI.Silverstein 2,459 1,828 631 $20,597,9859 DanielBiss 2,612 1,773 839 $34,746,03310 JohnG.Mulroe 2,356 1,831 525 $14,872,89411 MartinA.Sandoval 1,445 1,219 226 $6,629,26212 StevenM.Landek 1,445 1,203 242 $6,684,73913 KwameRaoul 3,076 2,193 883 $31,700,51214 EmilJonesIII 2,353 1,602 751 $19,388,19015 NapoleonHarris,III 2,170 1,502 668 $18,017,97116 JacquelineY.Collins 1,995 1,498 497 $12,360,32417 ElgieR.Sims 2,479 1,682 797 $20,838,60818 BillCunningham 2,905 2,090 815 $26,056,84319 MichaelE.Hastings 2,667 1,952 715 $20,871,77920 IrisY.Martinez 1,843 1,627 216 $6,380,89121 MichaelConnelly 2,944 2,286 658 $20,232,44722 CristinaCastro 1,451 1,177 274 $6,533,68423 ThomasCullerton 1,478 1,174 304 $9,083,50424 ChrisNybo 3,091 2,279 812 $28,058,06125 JimOberweis 2,791 2,279 512 $14,278,31926 DanMcConchie 1,868 1,455 413 $12,587,84227 TomRooney 2,151 1,594 557 $15,680,32328 LauraM.Murphy 1,695 1,303 392 $11,254,73029 JulieA.Morrison 1,359 978 381 $13,683,89630 TerryLink 1,023 816 207 $5,872,13631 MelindaBush 1,667 1,335 332 $10,349,67132 PamelaJ.Althoff 1,627 1,194 433 $12,177,24333 KarenMcConnaughay 2,434 1,838 596 $18,422,56934 SteveStadelman 1,650 1,120 530 $12,306,20235 DaveSyverson 5,508 3,519 1,989 $61,895,83536 NeilAnderson 1,498 989 509 $12,287,86937 ChuckWeaver 2,630 1,862 768 $17,008,36638 SueRezin 1,856 1,404 452 $9,845,30639 DonHarmon 2,851 2,200 651 $22,843,51340 ToiW.Hutchinson 2,471 1,778 693 $19,618,99841 JohnF.Curran 2,919 2,130 789 $28,072,47342 LindaHolmes 1,519 1,275 244 $6,029,46743 PatMcGuire 1,489 1,186 303 $7,851,10944 WilliamE.Brady 4,757 3,311 1,446 $34,589,76845 TimBivins 3,440 2,288 1,152 $30,153,51146 DavidKoehler 2,063 1,546 517 $11,036,57047 JilTracy 4,767 2,959 1,808 $51,501,93348 AndyManar 2,647 1,922 725 $15,027,70649 JenniferBertino-Tarrant 2,146 1,691 455 $11,590,84750 Wm.SamMcCann 5,185 3,552 1,633 $42,222,88651 ChapinRose 9,047 5,759 3,288 $100,508,81052 ScottM.Bennett 15,767 10,454 5,313 $200,725,48953 JasonA.Barickman 5,770 3,952 1,818 $57,378,17454 KyleMcCarter 2,855 2,075 780 $15,959,64355 DaleA.Righter 6,011 3,885 2,126 $57,076,73256 WilliamR.Haine 3,981 2,724 1,257 $36,093,76057 JamesF.ClayborneJr. 2,413 1,676 737 $14,989,04758 PaulSchimpf 5,787 3,592 2,195 $69,241,24259 DaleFowler 5,999 3,815 2,184 $57,735,656 Totals 179,430 128,501 50,929 $1,518,600,01914

SURS MEMBERSHIP COUNTS AND NET BENEFITS BY SENATE DISTRICT

*AsofJan.1,2018

15

AllSURS Active& Benefit AnnualDistrict Members* Inactive* Recipients* NetBenefits*1 DanielJ.Burke 559 472 87 $2,222,7992 TheresaMah 1,037 939 98 $2,689,3673 LuisArroyo 630 543 87 $2,046,7184 CynthiaSoto 1,042 961 81 $2,431,7845 JulianaStratton 1,550 1,244 306 $9,368,6816 SonyaM.Harper 976 810 166 $5,653,0067 EmanuelChrisWelch 1,559 1,171 388 $13,851,3288 LaShawnK.Ford 1,276 990 286 $8,898,1949 ArthurTurner 1,928 1,668 260 $9,509,91310 MelissaConyears-Ervin 1,014 872 142 $4,244,36011 AnnM.Williams 1,163 997 166 $5,823,15212 SaraFeigenholtz 1,390 1,050 340 $14,993,04913 GregoryHarris 1,472 1,267 205 $6,914,88414 KellyM.Cassidy 1,424 1,145 279 $9,001,41915 JohnC.D’Amico 1,192 884 308 $9,735,46416 LouLang 1,267 944 323 $10,862,52117 LauraFine 1,372 934 438 $17,449,91218 RobynGabel 1,240 839 401 $17,296,12219 RobertMartwick 1,241 995 246 $6,960,89220 MichaelP.McAuliffe 1,115 836 279 $7,912,00221 SilvanaTabares 620 536 84 $2,409,80622 MichaelJ.Madigan 825 683 142 $4,219,45623 MichaelJ.Zalewski 720 590 130 $3,933,73524 ElizabethHernandez 725 613 112 $2,751,00425 BarbaraFlynnCurrie 1,536 1,072 464 $15,671,31326 ChristianL.Mitchell 1,540 1,121 419 $16,029,19927 JustinSlaughter 1,384 949 435 $11,614,28628 RobertRita 969 653 316 $7,773,90429 ThaddeusJones 1,253 837 416 $11,784,10930 WilliamDavis 917 665 252 $6,233,86231 MaryE.Flowers 1,151 851 300 $7,593,45332 AndréThapedi 844 647 197 $4,766,87133 MarcusC.EvansJr. 1,176 797 379 $9,935,96234 NickSmith 1,303 885 418 $10,902,64735 FrancesAnnHurley 1,563 1,135 428 $14,606,89136 KellyM.Burke 1,342 955 387 $11,449,95237 MargoMcDermed 1,314 968 346 $9,886,36338 AlRiley 1,353 984 369 $10,985,41639 WillGuzzardi 895 792 103 $3,054,32840 JaimeM.AndradeJr. 948 835 113 $3,326,56341 GrantWehrli 1,319 1,046 273 $8,059,13942 JeanneMIves 1,625 1,240 385 $12,173,30843 AnnaMoeller 799 638 161 $3,753,01344 FredCrespo 652 539 113 $2,780,67245 ChristineWinger 790 637 153 $4,764,07246 DebConroy 688 537 151 $4,319,43347 PatriciaR.Bellock 1,425 1,063 362 $13,631,46048 PeterBreen 1,666 1,216 450 $14,426,60149 MikeFortner 1,162 954 208 $5,907,72350 KeithR.Wheeler 1,629 1,325 304 $8,370,59551 NickSauer 969 727 242 $7,985,83752 DavidMcSweeney 899 728 171 $4,602,00453 DavidHarris 1,009 723 286 $8,304,41954 ThomasMorrison 1,142 871 271 $7,375,90455 MartinJ.Moylan 840 614 226 $7,022,56456 MichelleMussman 855 689 166 $4,232,16657 JonathanCarroll 645 490 155 $4,944,41258 ScottDrury 714 488 226 $8,739,48459 CarolSente 675 542 133 $3,812,03660 RitaMayfield 348 274 74 $2,060,100

SURS MEMBERSHIP COUNTS AND NET BENEFITS BY HOUSE DISTRICT

*AsofJan.1,2018

AllSURS Active& Benefit AnnualDistrict Members* Inactive* Recipients* NetBenefits*61 SheriJesiel 776 619 157 $4,627,66562 SamYingling 891 716 175 $5,722,00663 StevenReick 718 534 184 $4,976,16464 BarbaraWheeler 909 660 249 $7,201,07965 StevenA.Andersson 1,498 1,062 436 $14,126,63666 AllenSkillicorn 936 776 160 $4,295,93367 LitesaE.Wallace 399 301 98 $2,010,84868 JohnM.Cabello 1,251 819 432 $10,295,35469 JoeSosnowski 1,050 737 313 $7,592,35770 RobertW.Pritchard 4,458 2,782 1,676 $54,303,47871 TonyMcCombie 782 535 247 $5,919,10772 MichaelHalpin 716 454 262 $6,368,76273 RyanSpain 1,531 1,109 422 $9,959,74874 DanielSwanson 1,099 753 346 $7,048,61775 DavidA.Welter 856 684 172 $3,715,22276 JerryLeeLong 1,000 720 280 $6,130,08477 KathleenWillis 632 519 113 $2,341,31278 CamilleY.Lilly 2,219 1,681 538 $20,502,20179 LindsayParkhurst 1,035 770 265 $6,209,20880 AnthonyDeLuca 1,436 1,008 428 $13,409,78981 DavidS.Olsen 1,542 1,165 377 $12,765,49082 JimDurkin 1,377 965 412 $15,306,98483 LindaChapaLaVia 609 487 122 $2,418,30784 StephanieA.Kifowit 910 788 122 $3,611,16085 JohnConnor 717 566 151 $3,843,30686 LawrenceWalshJr. 772 620 152 $4,007,80287 TimButler 1,797 1,294 503 $10,130,02088 KeithP.Sommer 2,960 2,017 943 $24,459,74889 BrianW.Stewart 1,008 663 345 $8,520,14390 TomDemmer 2,432 1,625 807 $21,633,36891 MichaelD.Unes 1,025 749 276 $5,719,74992 JehanGordon-Booth 1,038 797 241 $5,316,82193 NorineK.Hammond 3,592 2,165 1,427 $44,271,31494 RandyE.Frese 1,175 794 381 $7,230,61995 AveryBourne 1,218 889 329 $5,476,91896 SueScherer 1,429 1,033 396 $9,550,78897 MarkBatinick 1,204 975 229 $5,976,62998 NatalieA.Manley 942 716 226 $5,614,21899 SaraWojcickiJimenez 4,222 2,878 1,344 $37,099,264100 C.D.Davidsmeyer 963 674 289 $5,123,622101 BillMitchell 3,943 2,537 1,406 $42,151,640102 BradHalbrook 5,104 3,222 1,882 $58,357,170103 CarolAmmons 9,653 6,718 2,935 $110,868,671104 ChadHays 6,114 3,736 2,378 $89,856,818105 DanBrady 4,531 3,101 1,430 $47,775,756106 ThomasM.Bennett 1,239 851 388 $9,602,419107 JohnCavaletto 1,225 879 346 $6,539,969108 CharlesMeier 1,630 1,196 434 $9,419,674109 DavidB.Reis 2,029 1,549 480 $7,887,779110 ReginaldPhillips 3,982 2,336 1,646 $49,188,954111 MonicaBristow 1,524 1,030 494 $11,738,937112 KatieStuart 2,457 1,694 763 $24,354,824113 JayHoffman 1,243 879 364 $6,978,571114 LaToyaGreenwood 1,170 797 373 $8,010,476115 TerriBryant 4,855 2,906 1,949 $64,645,864116 JerryCostelloII 932 686 246 $4,595,377117 DaveSeverin 3,553 2,275 1,278 $32,869,319118 NataliePhelpsFinnie 2,446 1,540 906 $24,866,337 Totals 179,430 128,501 50,929 $1,518,600,01916

SURS MEMBERSHIP COUNTS AND NET BENEFITS BY HOUSE DISTRICT

*AsofJan.1,2018

17

PERTINENT LEGISLATIVE COMMITTEES AND MEMBERS

100TH GENERAL ASSEMBLY

SENATE

Higher EducationChairperson:PatMcGuire

Vice-Chairperson:BillCunninghamMinoritySpokesperson:TomRooney

Members:ScottM.Bennett,CristinaCastro,ThomasCullerton,KimberlyA.Lightford,LauraM.Murphy,SteveStadelman,DaleFowler,Wm.SamMcCann,SueRezin,ChapinRose

Licensed Activities and PensionsChairperson:EmilJones,III

Vice-Chairperson:IrisY.MartinezMinoritySpokesperson:PamelaJ.Althoff

Members:OmarAquino,JenniferBertino-Tarrant,MelindaBush,WilliamR.Haine,NapoleonHarrisIII, MartinA.Sandoval,NeilAnderson,DanMcConchie,TomRooney,ChuckWeaver

Special Committee on State and Pension Fund InvestmentsCo-Chairperson:IrisY.MartinezCo-Chairperson:DanMcConchie

Members:DanielBiss,JamesF.Clayborne,Jr.,ToiW.Hutchinson,MartinA.Sandoval,MichaelConnelly,JohnF.Curran,PaulSchimpf,JilTracy

HOUSE

Appropriations-Higher EducationChairperson:KellyM.BurkeVice-Chairperson:CynthiaSoto

RepublicanSpokesperson:DanBradyMembers:MarkBatinick,LindaChapaLaVia,C.D.Davidsmeyer,WilliamDavis,LauraFine,MikeFortner,JehanGordon-Booth,NorineK.Hammond,SaraWojcickiJimenez,ThaddeusJones,StephanieA.Kifowit,ChristianL.Mitchell,ReginaldPhillips,RobertW.Pritchard,AlRiley,NicholasK.Smith,GrantWehrli,

EmanuelChrisWelch

Higher Education Chairperson:EmanuelChrisWelchVice-Chairperson:CarolAmmons

RepublicanSpokesperson:NorineK.HammondMembers:ThomasM.Bennett,DanBrady,TerriBryant,DebConroy,TomDemmer,MaryE.Flowers,

LaShawnK.Ford,MichaelHalpin,ElizabethHernandez,ReginaldPhillips,RobertW.Pritchard,StevenReick,NicholasK.Smith,JulianaStratton,KatieStuart,BarbaraWheeler,KathleenWillis,MichaelJ.Zalewski

Personnel & PensionsChairperson:RobertMartwick

Vice-Chairperson:MichaelJ.ZalewskiRepublicanSpokesperson:ThomasMorrison

Members:CarolAmmons,MarkBatinick,KellyM.Burke,LindaChapaLaVia,BarbaraFlynnCurrie, ScottDrury,JeanneMIves,SheriJesiel,DavidMcSweeney,CarolSente,GrantWehrli

Formoreinformationgotowww.ilga.gov.

March2018

CONTACT INFORMATIONStateUniversitiesRetirementSystemofIllinois

1901FoxDriveChampaign,IL61820

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

www.surs.org