How much money has Illinois paid into its retirement systems this fiscal year?
|SERS, SURS, JRS, AND GARS||$1,606,312,528.05|
|SURS (Annual certified payment from State Pensions Fund)||$50,000,000.00|
About Pension System Funding
Each year, the state is required to make contributions to its pension systems under state statute (State Employees Retirement System (SERS), State University Retirement System (SURS), Judges Retirement System (JRS), General Assembly Retirement System (GARS) and Teachers Retirement System (TRS). The state's contributions to SERS come from payment requests directly from SERS and from state agency payrolls. Contributions to GARS, JRS, SURS and TRS are vouchered directly by those agencies.