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IMRF's Funded Status Remains Strong Despite Portfolio Decrease in 2022
As expected, based on market conditions, IMRF's investment portfolio is down at the end of fiscal year 2022. However, IMRF maintains its superior funded status, which is the key indicator of financial health for a public pension.
Financial Update:

At the close of the fiscal year, on December 31, 2022, IMRF's:

  • portfolio was down about 12.8%, which translates to about $7.6 billion.*

  • assets were about $47.9 billion.*

  • actuarial funded status was about 98.0%.*
 
*These figures are preliminary estimates and are unaudited. IMRF will share final figures in its Fiscal Year 2022 Annual Comprehensive Financial Report.

IMRF's Funded Status Remains Strong

The typical U.S. pension plan is about 74.9% funded, according to the National Association of State Retirement Administrators. IMRF’s 98.0% funded status means it has on hand today nearly all the money needed to pay the entirety of its pension obligations to all current retirees as well as all active workers.

As an IMRF member, you can feel secure knowing IMRF will deliver on all pension promises!
Click here to read more and to watch a financial update video from IMRF Executive Director Brian Collins.
Webinar Now Available on the IMRF Website to Watch Whenever it's Convenient for You!
IMRF's Pre-Retirement Workshop webinar is for IMRF members who are within five years of retirement. It will address the steps you must take before and during the IMRF retirement application process.

The Pre-Retirement Workshop webinar is now offered online, on-demand on the IMRF website. You can view this recently recorded webinar at any time, when it is convenient for you. To watch the Pre-Retirement Workshop webinar, click here.
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