December 14, 2018
IMRF Board Reduces Assumed Rate of Return
At its meeting today, the IMRF Board of Trustees lowered the amount it assumes IMRF will annually earn on its investment portfolio.
At the recommendation of actuarial consultant GRS Retirement Consulting, the Board lowered the assumption from 7.5% net of fees to 7.25% net of fees, effective January 1, 2019. This change is consistent with market trends and actions taken by most public pension funds across the nation. For more detail, review a presentation that GRS made to the Board at its November meeting here.