The Case for Defined Benefit
Plans
A White
Paper by IMRF
Executive Director Louis W. Kosiba
October
16, 2008
At
a time when Social Security benefits are under duress due to increased
longevity and the retirement of the Baby Boomer generation, a defined
benefit plan should be seen as one of the few means of effectively
providing income protection and maintaining an adequate standard
of living when employees are unable or no longer wish to work.
Read
the White Paper...
What Members of IMRF
Governing Bodies need to know
October
16, 2008
IMRF
benefits are an important tool to recruit and retain qualified employees.
Many individuals who work in the public sector are attracted to
local units of government because they can earn a benefit through
IMRF.
If
you are a member of an IMRF employer governing body, e.g., school
board, village board, city council, etc. you can read a brief publication
designed for you that provides basic information about IMRF: what
it is, how it operates, and its funding mechanism.
Download
the brochure (pdf file)...
Your
IMRF is Safe
A
message from IMRF Executive Director Louis W. Kosiba
October 7, 2008
Recent
events in our financial markets have been unprecedented. Failures
on Wall Street, the passage of the Emergency Economic Stabilization
Act, and the drop in the markets have many members concerned about
IMRF.
Let
me assure you that IMRF is secure. Although our investments have
lost some value (as did anyone with a 403(b), 457 or 401k plan),
IMRF still has more than $19 billion in assets.
If
you are receiving an IMRF pension, you
will continue to receive your monthly benefit payments in full and
on time. Period.
Read
more... |
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