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January 27,
2012
At
each monthly Board of Trustee meeting, IMRF's investment consultant
presents a summary of the previous month's market and investment
manager performance. The information presented in these reports
is preliminary and subject to change.
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more...
January 19, 2012
Public Act 97-0609 requires employers to pay IMRF immediately upon a member's retirement for the additional cost of a pension resulting from certain salary increases. IMRF has identified those employer payments as “Accelerated Payments” (AP).
If you are planning to provide a member with salary increase of more than 6% in 2012, you can use the new AP spreadsheet to estimate the future AP (payable when the member retires).
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November 10, 2011
The Illinois House of Representatives Personnel and Pensions Committee earlier this week approved Senate Bill 512 by a 5-4 vote.
This proposed legislation, which would create a three-tiered retirement system for certain employees of the state of Illinois and the city of Chicago, does not apply to IMRF participants or retirees.
It is unclear whether the proposal will be called for a vote before the 2011 Veto Session ends.
October 5, 2011
As markets continue their unpredictable swings and the danger of a double-dip recession looms, the Illinois Municipal Retirement Fund offers several steps to keep retirement funds intact and survive Wall Street's volatility.
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July
21,
2011
As the economy struggles to recover and businesses strive to improve their financial standing, a new study found that IMRF made a profound, positive impact on local economies across Illinois last year.
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more...
June
30,
2011
Defined benefit pension plans across the country have come under attack in recent years. Many of the ensuing calls for reform label all defined benefit plans as too generous and unsustainable. A new study from the National Institute on Retirement Security finds this to be inaccurate.
Recently, the organization commissioned new research that identifies well-funded defined benefit plans and cites “lessons learned” from these plans that can help to ensure long-term public pension sustainability and affordability.
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more... | 
