Illinois Municipal Retirement Fund (IMRF) vs Tennessee Consolidated Retirement System (TCRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to Illinois Municipal Retirement Fund (IMRF) at 80/100 (A). Funding ratios differ by 10.9 percentage points (92.1% vs 81.2%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.
| Metric | Illinois Municipal Retirement Fund (IMRF) | Tennessee Consolidated Retirement System (TCRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A) | 83/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 81.2% | 92.1%* |
| Total Assets | $51.2B | $57.0B |
| Total Liabilities | $63.1B | $61.9B* |
| Unfunded Liability | $11.9B | $4.9B* |
| Participants | 438,000 | 378,000 |
| 1-Year Investment Return | 5.8% | 6.8%* |
| Plan Type | public | public |
| PBGC Risk Level | low | low |
| Sponsor | State of Illinois | State of Tennessee |
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to Illinois Municipal Retirement Fund (IMRF) at 80/100 (A). Funding ratios differ by 10.9 percentage points (92.1% vs 81.2%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.