Illinois Municipal Retirement Fund (IMRF) vs School Employees Retirement System of Ohio (SERS)
Side-by-side pension health comparison from DOL and public plan data
Illinois Municipal Retirement Fund (IMRF) (A) and School Employees Retirement System of Ohio (SERS) (B) are close on the LakeQuality rubric. Funding ratios sit at 81% and 68% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Illinois Municipal Retirement Fund (IMRF) has a stronger Pension Health Score of 80/100 (A) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 13.3 percentage points (81.2% vs 67.9%). Illinois Municipal Retirement Fund (IMRF) covers 438,000 participants.
| Metric | Illinois Municipal Retirement Fund (IMRF) | School Employees Retirement System of Ohio (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A)* | 66/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 81.2%* | 67.9% |
| Total Assets | $51.2B | $16.2B |
| Total Liabilities | $63.1B | $23.9B* |
| Unfunded Liability | $11.9B | $7.7B* |
| Participants | 438,000 | 218,000 |
| 1-Year Investment Return | 5.8%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | low | moderate |
| Sponsor | State of Illinois | State of Ohio |
Illinois Municipal Retirement Fund (IMRF) has a stronger Pension Health Score of 80/100 (A) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 13.3 percentage points (81.2% vs 67.9%). Illinois Municipal Retirement Fund (IMRF) covers 438,000 participants.