Illinois Municipal Retirement Fund (IMRF) vs Deere & Company Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Illinois Municipal Retirement Fund (IMRF) and Deere & Company Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: Illinois Municipal Retirement Fund (IMRF) grades A while Deere & Company Pension Plan grades A. Funding ratios: 81% vs 124%.
Deere & Company Pension Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
Deere & Company Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Illinois Municipal Retirement Fund (IMRF) at 80/100 (A). Funding ratios differ by 42.8 percentage points (124.0% vs 81.2%). Deere & Company Pension Plan covers 83,076 participants.
| Metric | Illinois Municipal Retirement Fund (IMRF) | Deere & Company Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 81.2% | 124.0%* |
| Total Assets | $51.2B | $21.1B |
| Total Liabilities | $63.1B | $17.0B* |
| Unfunded Liability | $11.9B | $0* |
| Participants | 438,000 | 83,076 |
| 1-Year Investment Return | 5.8% | 7.4%* |
| Plan Type | public | corporate |
| PBGC Risk Level | low | low |
| Sponsor | State of Illinois | John Deere |
Deere & Company Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Illinois Municipal Retirement Fund (IMRF) at 80/100 (A). Funding ratios differ by 42.8 percentage points (124.0% vs 81.2%). Deere & Company Pension Plan covers 83,076 participants.
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