Illinois Municipal Retirement Fund (IMRF)
public plan · State of Illinois · Oak Brook, IL
Funding History
What This Means for You
Illinois Municipal Retirement Fund (IMRF) is in excellent financial health at 81% funded. This means for every dollar the plan owes in future benefits, it has 81 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 |
|---|---|---|---|---|
| 2023 | $51.2B | $63.1B | 81.2% | $2.0B |
| 2022 | $49.7B | $62.1B | 80.0% | $1.9B |
| 2021 | $48.1B | $58.0B | 83.0% | $1.9B |
| 2020 | $46.6B | $60.5B | 77.0% | $1.8B |
| 2019 | $45.1B | $57.8B | 78.0% | $1.8B |
Frequently Asked Questions
Illinois Municipal Retirement Fund (IMRF) is 81% funded, meaning it has 81 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Illinois Municipal Retirement Fund (IMRF) has 438,000 total participants, including 220,000 active employees and 218,000 retirees currently receiving benefits.
Illinois Municipal Retirement Fund (IMRF) 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.