Illinois Municipal Retirement Fund (IMRF) vs Illinois Teachers Retirement System (TRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Illinois Municipal Retirement Fund (IMRF) has a stronger Pension Health Score of 80/100 (A) compared to Illinois Teachers Retirement System (TRS) at 44/100 (D). Funding ratios differ by 36.5 percentage points (81.2% vs 44.7%). Illinois Municipal Retirement Fund (IMRF) covers 438,000 participants.
| Metric | Illinois Municipal Retirement Fund (IMRF) | Illinois Teachers Retirement System (TRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A)* | 44/100 (D) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 81.2%* | 44.7% |
| Total Assets | $51.2B | $62.8B |
| Total Liabilities | $63.1B* | $140.5B |
| Unfunded Liability | $11.9B* | $77.7B |
| Participants | 438,000 | 424,000 |
| 1-Year Investment Return | 5.8%* | 4.8% |
| Plan Type | public | public |
| PBGC Risk Level | low | critical |
| Sponsor | State of Illinois | State of Illinois |
Illinois Municipal Retirement Fund (IMRF) has a stronger Pension Health Score of 80/100 (A) compared to Illinois Teachers Retirement System (TRS) at 44/100 (D). Funding ratios differ by 36.5 percentage points (81.2% vs 44.7%). Illinois Municipal Retirement Fund (IMRF) covers 438,000 participants.