Illinois Municipal Retirement Fund
public plan · State of Illinois · Rockford, IL
Funding History
What This Means for You
Illinois Municipal Retirement Fund is in excellent financial health at 83% funded. This means for every dollar the plan owes in future benefits, it has 83 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $50.4B | $60.7B | 83.0% | $2.3B |
| 2024 | $49.0B | $60.4B | 81.1% | $2.2B |
| 2023 | $47.2B | $63.3B | 74.6% | $2.3B |
| 2022 | $43.8B | $55.4B | 79.0% | $2.7B |
| 2021 | $42.1B | $53.6B | 78.6% | $2.0B |
Frequently Asked Questions
Illinois Municipal Retirement Fund is 83% funded, meaning it has 83 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Illinois Municipal Retirement Fund has 400,323 total participants, including 228,180 active employees and 172,143 retirees currently receiving benefits.
Illinois Municipal Retirement Fund is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.