U.S. Pension Tracker

Joe Nation, Ph.D.

Pension Tracker Project Director
Bill Lane Center for the West

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) 2019, 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 2017 2018 2019
Market Liability (thousands) $483,898,643 $398,742,596 $393,661,556
Value of Assets (thousands) $116,527,171 $99,347,628 $99,253,961
Market Pension Debt (thousands) $367,371,472 $299,394,967 $294,407,595
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $293,041,722 $250,882,697 $249,725,806
Actuarial Pension Debt (thousands) $176,514,551 $151,535,069 $150,471,846
Assumed Rate of Return 7.05% 7.00% 6.93%
  • Variable

    Market Liability (thousands)

    • 2019

      $393,661,556

    • 2018

      $398,742,596

    • 2017

      $483,898,643

    • 2016

      $469,231,397

    • 2015

      $456,251,871

    • 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)

    • 2019

      $99,253,961

    • 2018

      $99,347,628

    • 2017

      $116,527,171

    • 2016

      $106,823,228

    • 2015

      $113,211,657

    • 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)

    • 2019

      $294,407,595

    • 2018

      $299,394,967

    • 2017

      $367,371,472

    • 2016

      $362,408,169

    • 2015

      $343,040,214

    • 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

    • 2019

      3.25%

    • 2018

      3.25%

    • 2017

      3.00%

    • 2016

      3.00%

    • 2015

      3.25%

    • 2014

      3.00%

    • 2013

      3.20%

    • 2012

      2.50%

    • 2011

      4.00%

    • 2010

      3.70%

    • 2009

      4.20%

    • 2008

      4.50%


  • Variable

    Actuarial Liability (thousands)

    • 2019

      $249,725,806

    • 2018

      $250,882,697

    • 2017

      $293,041,722

    • 2016

      $284,160,304

    • 2015

      $264,478,699

    • 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)

    • 2019

      $150,471,846

    • 2018

      $151,535,069

    • 2017

      $176,514,551

    • 2016

      $177,337,076

    • 2015

      $151,267,042

    • 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

    • 2019

      6.93%

    • 2018

      7.00%

    • 2017

      7.05%

    • 2016

      7.05%

    • 2015

      7.67%

    • 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 2017 2018 2019
Market Funded Ratio 24.1% 24.9% 25.2%
Actuarial Funded Ratio 39.8% 39.6% 39.7%
  • Variable

    Market Funded Ratio

    • 2019

      25.2%

    • 2018

      24.9%

    • 2017

      24.1%

    • 2016

      22.8%

    • 2015

      24.8%

    • 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

    • 2019

      39.7%

    • 2018

      39.6%

    • 2017

      39.8%

    • 2016

      37.6%

    • 2015

      42.8%

    • 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 2017 2018 2019
Population 12,802,023 12,741,080 12,671,821
Households 4,808,672 4,830,038 4,846,134
  • Variable

    Population

    • 2019

      12,671,821

    • 2018

      12,741,080

    • 2017

      12,802,023

    • 2016

      12,801,539

    • 2015

      12,859,995

    • 2014

      12,882,189

    • 2013

      12,889,580

    • 2012

      12,873,763

    • 2011

      12,858,725

    • 2010

      12,840,097

    • 2009

      12,796,778

    • 2008

      12,747,038


  • Variable

    Households

    • 2019

      4,846,134

    • 2018

      4,830,038

    • 2017

      4,808,672

    • 2016

      4,822,046

    • 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 2017 2018 2019
State General Fund Expenditures (thousands) $29,307,853 $35,408,800 $35,677,950
State Total Expenditures (thousands) $67,216,147 $72,782,887 $72,217,129
State Total General Fund Revenues (thousands) $29,422,000 $36,943,000 $39,195,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $35,677,950

    • 2018

      $35,408,800

    • 2017

      $29,307,853

    • 2016

      $25,115,000

    • 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)

    • 2019

      $72,217,129

    • 2018

      $72,782,887

    • 2017

      $67,216,147

    • 2016

      $55,978,000

    • 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)

    • 2019

      $39,195,000

    • 2018

      $36,943,000

    • 2017

      $29,422,000

    • 2016

      $29,709,000

    • 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 2017 2018 2019
Market Pension Debt/Household $76,398 $61,986 $60,751
Market Pension Debt/Capita $28,696 $23,498 $23,233
Market Pension Debt/State General Fund Expenditures 12.53 8.46 8.25
Market Pension Debt/State Total Expenditures 5.47 4.11 4.08
Market Pension Debt/State Total General Fund Revenues 12.49 8.10 7.51
Actuarial Pension Debt/Household $36,708 $31,373 $31,050
Actuarial Pension Debt/Capita $13,788 $11,893 $11,875
Actuarial Pension Debt/State General Fund Expenditures 6.02 4.28 4.22
Actuarial Pension Debt/State Total Expenditures 2.63 2.08 2.08
Actuarial Pension Debt/State Total General Fund Revenues 6.00 4.10 3.84
  • Variable

    Market Pension Debt/Household

    • 2019

      $60,751

    • 2018

      $61,986

    • 2017

      $76,398

    • 2016

      $75,157

    • 2015

      $72,004

    • 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

    • 2019

      $23,233

    • 2018

      $23,498

    • 2017

      $28,696

    • 2016

      $28,310

    • 2015

      $26,675

    • 2014

      $28,830

    • 2013

      $26,543

    • 2012

      $29,650

    • 2011

      $21,275

    • 2010

      $22,617

    • 2009

      $20,187

    • 2008

      $15,652


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      8.25

    • 2018

      8.46

    • 2017

      12.53

    • 2016

      14.43

    • 2015

      11.89

    • 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

    • 2019

      4.08

    • 2018

      4.11

    • 2017

      5.47

    • 2016

      6.47

    • 2015

      4.80

    • 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

    • 2019

      7.51

    • 2018

      8.10

    • 2017

      12.49

    • 2016

      12.20

    • 2015

      9.56

    • 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

    • 2019

      $31,050

    • 2018

      $31,373

    • 2017

      $36,708

    • 2016

      $36,776

    • 2015

      $31,751

    • 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

    • 2019

      $11,875

    • 2018

      $11,893

    • 2017

      $13,788

    • 2016

      $13,853

    • 2015

      $11,763

    • 2014

      $10,888

    • 2013

      $10,862

    • 2012

      $10,903

    • 2011

      $9,243

    • 2010

      $9,858

    • 2009

      $9,115

    • 2008

      $6,235


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      4.22

    • 2018

      4.28

    • 2017

      6.02

    • 2016

      7.06

    • 2015

      5.24

    • 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

    • 2019

      2.08

    • 2018

      2.08

    • 2017

      2.63

    • 2016

      3.17

    • 2015

      2.12

    • 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

    • 2019

      3.84

    • 2018

      4.10

    • 2017

      6.00

    • 2016

      5.97

    • 2015

      4.21

    • 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

Bill Lane Center for the West
473 Via Ortega, First Floor
Stanford, CA 94305-4225
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