Preliminary IMRF 2019 Investment Returns and Funded Status
IMRF had strong investment returns in 2019. Here are some of the financial highlights.
IMRF:
- made 19.57% in investment returns for 2019, after management fees.
- has about $44.7 billion in assets.
- is 91.0% funded on an actuarial basis.
The strong return this year will help lower employer contribution rates and save money for local taxpayers in future years.
In the video below, IMRF Executive Director Brian Collins shares some good news about the pension plan's performance in 2019.
May 2020 Update:
Changes in the market in the first quarter of 2020, due to the COVID-19 pandemic, caused IMRF’s investment portfolio to fall about 13.40%. However, markets improved during April, when the IMRF portfolio grew about 7% to more than $41 billion. As a long-term investor, IMRF has planned for downturns in the market and has sufficient resources to meet all benefit payment requirements. IMRF has confidence that in the long-term, the global economy will recover.