Illinois' Best-Funded Public Plan is Among Nation's Best
It’s official! The Illinois Municipal Retirement Fund is on the rise. This month, Pensions & Investments, a publication dedicated to international business and financial news, released its annual list of “The Largest Retirement Funds,” ranking IMRF in the top 50 for the first time.
The list features the top 1,000 retirement funds in the United States, placing IMRF in the top five percent of included plans. Last year, IMRF was ranked 51st among the nation’s plans.
With more than $33 billion in assets, IMRF is in good company. “We’re ranked right up there with nationally-recognized household names such as J.P. Morgan Chase, Chevron, and FedEx,” said IMRF Executive Director Louis W. Kosiba. “I’m so proud of our staff. Together, we work to ensure that IMRF keeps its promise of retirement security for our members and employers across the state of Illinois.”
IMRF is also ranked for excellence in various subcategories for defined benefit plans, such as domestic equity assets, international equity assets, and developed market equity assets.
The P&I 1000 rankings are featured in the February 8 issue of the magazine. Pensions & Investments is owned by Crain Communications Inc.
