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News at IMRF

Highlights of the May Board of Trustees meeting

The IMRF Board of Trustees met in May and discussed a number of topics, including the Annual Actuarial Valuation Report and Gain/Loss Analysis, which found IMRF well funded despite market volatility.

Read more...


April Market and Investment Manager Summary

At each monthly meeting of the Board of Trustees, 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.

Read more...

WMIX-AM features interview with IMRF Executive Director Louis W. Kosiba

IMRF Executive Director Louis W. Kosiba recently participated in an in-depth interview with WMIX-AM (Mount Vernon) News Director Jim Dalaviras. The discussion covered many topics, including IMRF's outstanding investment returns, declining employer contribution rates, and IMRF's significant positive economic impact on the state of Illinois.

Read more...

Rate Meeting Webinar recording now available

On May 2, 2013, IMRF conducted a Rate Meeting webinar. Topics covered included:

  • What IMRF's 2012 investment return means to employers' funded status, reserves, and contribution rates
  • The potential impact of year-to-date 2013 and future year returns
  • Proposed pension-related legislation
  • Other forces impacting IMRF

If you were unable to attend the webinar, you can view a recording of the presentation. (You may need to submit registration information)

You can also view the slides.


Pension reform bill passes the House; major provisions do not affect IMRF

A "pension reform" bill affecting active and retired members of the Illinois state-funded pension systems passed the House this afternoon. View the status of Senate Bill 0001 on the General Assembly website.

Nothing in this bill affects past or current IMRF members, however, some provisions would affect future (new) IMRF members ONLY. 

The IMRF provisions in this bill would: 

  • Close participation for new employees of certain IMRF employers 
  • For new IMRF members, it would no longer allow unused, unpaid sick leave to be used for service credit at retirement
  • For new IMRF members, exclude lump sum payments for sick or vacation payouts from reportable earnings for IMRF purposes

Read more in the Legislative Update email.


 

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IMRF Online provides a brief summary of IMRF benefits and the adminstration of those benefits. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Statements in these publications are general, and the Illinois state law governing IMRF is complex and specific. If a conflict arises between information in these publications and the law, all decisions are based on the law.

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Page last updated by JK on 06-12-13