Leading into 2020, IMRF was enjoying very strong investment returns from 2019 and assets that had grown to $44.8 billion.
Changes in the market in the first quarter of 2020, due to the COVID-19 pandemic, caused IMRF’s investment portfolio to fall 14.0%.
However, markets improved during the second and third quarters, and the first quarter loss has already been recovered and exceeded. Assets were at $45.2 billion at the end of September.
As a long-term investor, IMRF has planned for downturns in the market and has sufficient resources to meet all benefit payment requirements. You can count
on IMRF to fulfill its pension promises to you.