Illinois Municipal Retirement Fund was created in 1939 by the Illinois
General Assembly and began operating in 1941 with 5 original employers
and $5,000 in assets. Today IMRF serves almost 3,000 employers
and has approximately $33 billion in assets.
1941, IMRF has provided employees of local governments and school districts
in Illinois (with the exception of the City of Chicago and Cook County)
with a sound and efficient system for the payment of retirement, disability,
and death benefits.
of December 2013, IMRF counted almost 400,000 members and retirees, and 2,977 local units of government in Illinois.
efficiently and impartially
develop, implement, and administer
in a prudent manner programs that provide
income protection to members and their beneficiaries
on behalf of participating employers."
more about our visions and values.
is established under statutes adopted by the Illinois
General Assembly. It is governed by a Board
of eight trustees. Four Executive
trustees are elected by employers, three Employee trustees are elected by participating
members, and one Annuitant trustee is elected by IMRF annuitants (individuals
receiving IMRF retirement benefits). Executive and Employee trustees must be participating members, and the Annuitant trustee must be receiving an IMRF retirement benefit. Trustees receive no compensation,
only reimbursement for expenses.
Board appoints an Executive Director who is responsible for all administrative
functions and supervision of staff employees. The Board also appoints
medical and investment consultants, an actuary and an independent auditor.
administers three plans and several tiers within those plans.
the IMRF plan operates locally
serves employers including cities, villages, counties, school districts,
townships and various special districts, such as parks, forest preserves
and sanitary districts. Although total participation exceeds 174,000 active members,
IMRF is a local program. Each employer builds up an account to provide
future benefits for its own employees.
IMRF Authorized Agents
IMRF employer appoints one of its employees to serve as IMRF Authorized
Agent. Your IMRF Authorized Agent handles the operation of the plan locally
and has the necessary forms to apply for all IMRF benefits.