Pension Plans in Illinois, Ranked by Health Score
Illinois has 13 pension plans covering 2,789,434 participants. The average funding ratio is 60.3%, ranking #44 among all states. 8 plans are underfunded.
Illinois has 13 pension plans in our dataset, ranked below by the LakeQuality pension-health composite. The score combines current funding ratio (50%), multi-year funding trend (30%), and PBGC risk classification (20%) into a 0-100 grade.
Top-of-list plans usually combine funded ratios at or above 90% with stable multi-year trajectories and low PBGC risk. Public-sector teacher and employee retirement systems dominate the top rankings in many states because their large asset bases support institutional investment management. Each plan below links to its full profile — multi-year funding history, participant demographics, sponsor financials where available, and the underlying factors driving the composite grade.
13
Total Plans
2,789,434
Participants
60.3%
Avg Funding
$318.0B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Central States, Southeast & Southwest Areas Pension Fund | 634,861 | 94.1% | A |
| 2 | Teamsters Local 710 Pension Fund | 634,861 | 94.1% | A |
| 3 | Illinois Municipal Retirement Fund (IMRF) | 438,000 | 81.2% | A |
| 4 | Illinois Teachers Retirement System (TRS) | 424,000 | 44.7% | D |
| 5 | State Universities Retirement System of Illinois (SURS) | 218,000 | 44.1% | D |
| 6 | State Employees Retirement System of Illinois (SERS) | 152,000 | 40.4% | D |
| 7 | Deere & Company Pension Plan | 83,076 | 124.0% | A |
| 8 | Chicago Teachers Pension Fund | 69,000 | 42.8% | D |
| 9 | Chicago Municipal Employees Annuity & Benefit Fund | 59,000 | 25.3% | F |
| 10 | Chicago Policemen's Annuity & Benefit Fund | 31,000 | 23.3% | F |
| 11 | Kraft Heinz Company Pension Plan | 29,036 | 116.7% | A |
| 12 | Chicago Firefighters Annuity & Benefit Fund | 13,500 | 19.5% | F |
| 13 | Judges Retirement System of Illinois | 3,100 | 35.2% | D |
Frequently Asked Questions
Illinois has 13 pension plans covering 2,789,434 participants, with combined assets of $318.0B against $527.8B in liabilities.
The average funding ratio across Illinois pension plans is 60.3%. 8 of 13 plans (62%) are considered underfunded.
Central States, Southeast & Southwest Areas Pension Fund is the top-rated plan in Illinois with a funding ratio of 94.1% and a Pension Health Grade of A.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.