U.S. Pension Tracker

Joe Nation, Ph.D.

Project Director
Stanford Institute for
Economic Policy Research

The Bottom 25% (Lowest quartile) indicates relatively lower unfunded liabilities. The Top 25% (Highest quartile) indicates relatively higher unfunded liabilities. Metrics reflect the Fiscal Year selected. Agencies reported as NA or agencies for which we do not have geographic locations are excluded from calculations. See Glossary for additional information.

Data reflect Fiscal Year (FY) 2015, the most recent available.

Illinois, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2013 2014 2015
Market Liability (thousands) $439,799,124 $483,933,512 $510,145,840
Value of Assets (thousands) $97,669,738 $112,534,733 $108,271,831
Market Pension Debt (thousands) $342,129,386 $371,398,779 $401,874,009
Market Discount Rate 3.25% 3.00% 2.75%
Actuarial Liability (thousands) $237,672,263 $252,795,966 $264,697,184
Actuarial Pension Debt (thousands) $140,002,525 $140,261,234 $156,425,352
Assumed Rate of Return 7.89% 7.89% 7.68%
  • Variable

    Market Liability (thousands)

    • 2015

      $510,145,840

    • 2014

      $483,933,512

    • 2013

      $439,799,124

    • 2012

      $471,341,559

    • 2011

      $364,240,754

    • 2010

      $369,139,722

    • 2009

      $331,247,953

    • 2008

      $294,078,662


  • Variable

    Value of Assets (thousands)

    • 2015

      $108,271,831

    • 2014

      $112,534,733

    • 2013

      $97,669,738

    • 2012

      $89,635,666

    • 2011

      $90,674,462

    • 2010

      $78,731,696

    • 2009

      $72,919,355

    • 2008

      $94,555,785


  • Variable

    Market Pension Debt (thousands)

    • 2015

      $401,874,009

    • 2014

      $371,398,779

    • 2013

      $342,129,386

    • 2012

      $381,705,893

    • 2011

      $273,566,292

    • 2010

      $290,408,026

    • 2009

      $258,328,598

    • 2008

      $199,522,877


  • Variable

    Market Discount Rate

    • 2015

      2.75%

    • 2014

      3.00%

    • 2013

      3.25%

    • 2012

      2.50%

    • 2011

      4.00%

    • 2010

      3.75%

    • 2009

      4.25%

    • 2008

      4.50%


  • Variable

    Actuarial Liability (thousands)

    • 2015

      $264,697,184

    • 2014

      $252,795,966

    • 2013

      $237,672,263

    • 2012

      $230,002,812

    • 2011

      $209,524,877

    • 2010

      $205,307,382

    • 2009

      $189,566,750

    • 2008

      $174,034,621


  • Variable

    Actuarial Pension Debt (thousands)

    • 2015

      $156,425,352

    • 2014

      $140,261,234

    • 2013

      $140,002,525

    • 2012

      $140,367,146

    • 2011

      $118,850,415

    • 2010

      $126,575,685

    • 2009

      $116,647,395

    • 2008

      $79,478,836


  • Variable

    Assumed Rate of Return

    • 2015

      7.68%

    • 2014

      7.89%

    • 2013

      7.89%

    • 2012

      7.89%

    • 2011

      8.19%

    • 2010

      8.19%

    • 2009

      8.49%

    • 2008

      8.49%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2013 2014 2015
Market Funded Ratio 22.2% 23.3% 21.2%
Actuarial Funded Ratio 41.1% 44.5% 40.9%
  • Variable

    Market Funded Ratio

    • 2015

      21.2%

    • 2014

      23.3%

    • 2013

      22.2%

    • 2012

      19.0%

    • 2011

      24.9%

    • 2010

      21.3%

    • 2009

      22.0%

    • 2008

      32.2%


  • Variable

    Actuarial Funded Ratio

    • 2015

      40.9%

    • 2014

      44.5%

    • 2013

      41.1%

    • 2012

      39.0%

    • 2011

      43.3%

    • 2010

      38.4%

    • 2009

      38.5%

    • 2008

      54.3%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2013 2014 2015
Population 12,882,189 12,859,995 12,859,995
Households 4,783,421 4,772,421 4,764,199
  • Variable

    Population

    • 2015

      12,859,995

    • 2014

      12,859,995

    • 2013

      12,882,189

    • 2012

      12,873,763

    • 2011

      12,858,725

    • 2010

      12,840,097

    • 2009

      12,796,778

    • 2008

      12,747,038


  • Variable

    Households

    • 2015

      4,764,199

    • 2014

      4,772,421

    • 2013

      4,783,421

    • 2012

      4,770,194

    • 2011

      4,737,208

    • 2010

      4,752,857

    • 2009

      4,757,452

    • 2008

      4,766,252


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2013 2014 2015
State General Fund Expenditures (thousands) $26,901,000 $28,381,000 $28,853,000
State Total Expenditures (thousands) $58,172,000 $61,039,000 $71,510,000
State Total General Fund Revenues (thousands) $36,328,000 $36,768,000 $35,888,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2015

      $28,853,000

    • 2014

      $28,381,000

    • 2013

      $26,901,000

    • 2012

      $29,291,000

    • 2011

      $25,237,000

    • 2010

      $26,316,000

    • 2009

      $29,788,000

    • 2008

      $22,140,000


  • Variable

    State Total Expenditures (thousands)

    • 2015

      $71,510,000

    • 2014

      $61,039,000

    • 2013

      $58,172,000

    • 2012

      $59,846,000

    • 2011

      $56,390,000

    • 2010

      $49,315,000

    • 2009

      $57,740,000

    • 2008

      $44,566,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2015

      $35,888,000

    • 2014

      $36,768,000

    • 2013

      $36,328,000

    • 2012

      $33,797,000

    • 2011

      $30,163,000

    • 2010

      $21,168,000

    • 2009

      $22,577,000

    • 2008

      $24,845,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt/Household $71,524 $77,822 $84,353
Market Pension Debt/Capita $26,558 $28,880 $31,250
Market Pension Debt/State General Fund Expenditures 12.72 13.09 13.93  
Market Pension Debt/State Total Expenditures 5.88 6.08 5.62
Market Pension Debt/State Total General Fund Revenues 9.42 10.10 11.20
Actuarial Pension Debt/Household $29,268 $29,390 $32,834
Actuarial Pension Debt/Capita $10,868 $10,907 $12,164
Actuarial Pension Debt/State General Fund Expenditures 5.20 4.94 5.42
Actuarial Pension Debt/State Total Expenditures 2.41 2.30 2.19
Actuarial Pension Debt/State Total General Fund Revenues 3.85 3.81 4.36
  • Variable

    Market Pension Debt/Household

    • 2015

      $84,353

    • 2014

      $77,822

    • 2013

      $71,524

    • 2012

      $80,019

    • 2011

      $57,748

    • 2010

      $61,102

    • 2009

      $54,300

    • 2008

      $41,862


  • Variable

    Market Pension Debt/Capita

    • 2015

      $31,250

    • 2014

      $28,880

    • 2013

      $26,558

    • 2012

      $29,650

    • 2011

      $21,275

    • 2010

      $22,617

    • 2009

      $20,187

    • 2008

      $15,652


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2015

      13.93

    • 2014

      13.09

    • 2013

      12.72

    • 2012

      13.03

    • 2011

      10.84

    • 2010

      11.04

    • 2009

      8.67

    • 2008

      9.01


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2015

      5.62

    • 2014

      6.08

    • 2013

      5.88

    • 2012

      6.38

    • 2011

      4.85

    • 2010

      5.89

    • 2009

      4.47

    • 2008

      4.48


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2015

      11.20

    • 2014

      10.10

    • 2013

      9.42

    • 2012

      11.29

    • 2011

      9.07

    • 2010

      13.72

    • 2009

      11.44

    • 2008

      8.03


  • Variable

    Actuarial Pension Debt/Household

    • 2015

      $32,834

    • 2014

      $29,390

    • 2013

      $29,268

    • 2012

      $29,426

    • 2011

      $25,089

    • 2010

      $26,631

    • 2009

      $24,519

    • 2008

      $16,675


  • Variable

    Actuarial Pension Debt/Capita

    • 2015

      $12,164

    • 2014

      $10,907

    • 2013

      $10,868

    • 2012

      $10,903

    • 2011

      $9,243

    • 2010

      $9,858

    • 2009

      $9,115

    • 2008

      $6,235


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2015

      5.42

    • 2014

      4.94

    • 2013

      5.20

    • 2012

      4.79

    • 2011

      4.71

    • 2010

      4.81

    • 2009

      3.92

    • 2008

      3.59


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2015

      2.19

    • 2014

      2.30

    • 2013

      2.41

    • 2012

      2.35

    • 2011

      2.11

    • 2010

      2.57

    • 2009

      2.02

    • 2008

      1.78


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2015

      4.36

    • 2014

      3.81

    • 2013

      3.85

    • 2012

      4.15

    • 2011

      3.94

    • 2010

      5.98

    • 2009

      5.17

    • 2008

      3.20


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
admin@pensiontracker.org