Illinois Office of Management and Budget, Springfield, hired Deloitte Consulting to analyze the five state retirement systems and make recommendations for funding alternatives and improving the affordability of the systems. The OMB conducted its own search.
The systems are: the $31.54 billion Illinois State Teachers' Retirement System; the $12.58 billion Illinois State Universities Retirement System; the $9.99 billion Illinois State Employees' Retirement System; the $534 billion Illinois Judges Retirement System; and the $83 million Illinois General Assembly Retirement System. Assets are as of June 30, when the system's total unfunded liability was $35.09 billion.
