Pending Illinois Legislation
The 98th General Assembly began in January 2013.
As legislation is introduced, the IMRF Board will take a position on the bill. The Board's position does not directly affect the movement of the bill; the legislation must be passed by the Illinois legislature to become law. You can read a brief overview of how IMRF legislation is passed.
Contact your legislator to make your opinion known regarding IMRF or other legislation. Visit the Illinois General Assembly website click the link called “Legislator Lookup.”
View bills signed into law during the previous 97th General Assembly.
January 9, 2013
As you may be aware, the General Assembly has been discussing legislative changes to the state-funded retirement systems. Some IMRF members are concerned that changes to the state-funded systems would later be applied to IMRF. IMRF has not been included in any of these discussions—we are well funded and structured differently than the state systems—and we do not believe it is appropriate to include IMRF in future legislation. Here are some specific reasons why:
We understand why some of our members are concerned about potential changes to IMRF benefits. However, due to our unique benefit structure and strong financial condition, IMRF is in a very different position than the state-funded systems. While it’s impossible to predict future actions of the General Assembly, IMRF takes this issue very seriously. The IMRF Board of Trustees and senior staff monitor all proposed pension legislation, and will continue to keep you informed.
Louis W. Kosiba
If you have questions regarding IMRF, Communicate with Us.
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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.
Copyright © Illinois Municipal Retirement FundPage Last Updated by LH on 01-09-13