General Memorandum 596

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We encourage each Authorized Agent to share this memorandum
with your unit of government’s chief financial officer, other officials,
and governing body members.

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This preliminary information is based on unaudited investment return data and projected actuarial information. Finalized information will be available in late April or early May 2010

The estimated 2009 investment return for IMRF is 24.5%. This return translates into investment income of approximately $4.54 billion.

Approximately $3.5 billion will be credited to employer reserve balances. On average, employer accounts will be credited approximately 99% on their beginning of the year employer reserve balance. These credits reflect the fact that, as a member of a defined benefit plan, IMRF employers share all the risks and rewards of investment returns.

The phase-in plan adopted by the IMRF Board of Trustees in 2009 will remain in effect for 2011 rate purposes.

Beginning on April 19, 2010, IMRF will present a series of Employer Rate meetings throughout the state. At these meetings we will discuss the impact of year-end financial and actuarial data on IMRF as a whole and its estimated impact on individual employers.

Register online by logging into your Employer Access account, clicking on "Find a Workshop," selecting Employer Rate Meeting, and clicking on "Find."

The meetings will take approximately an hour-and-a-half, consisting of both a formal presentation and a question and answer period. We encourage you, your chief financial officer, other officials, governing board members, and other interested parties from your employer to attend.

IMRF will also present the same information at two webinars in early May. Information on the webinars will be provided in a future Employer Digest email.

Dates and Locations

Monday, April 19	Stoney Creek Inn 101 Mariners Way East Peoria	10 am
	IMRF Regional Office 3000 Professional Drive Springfield	2 pm
Tuesday, April 20	Gateway Center One Gateway Drive Collinsville	9 am
	Rend Lake Resort 11712 East Windy Lane Whittington	2 pm
Wednesday, April 21	Hawthorn Suites 101 Trade Centre Drive Champaign	9 am
Monday, April 26	Clock Tower Resort & Conf 7801 E State Street Rockford	9 am
	Stoney Creek Inn 101 18th Street Moline	2 pm
Tuesday, April 27	Libertyville Sports Complex 1950 N US Hwy 45 Libertyville	2 pm
Wednesday, April 28	Tinley Park Library 7851 Timber Drive Tinley Park	10 am
	Oak Brook Village Hall 1200 Oak Brook Road Oak Brook	2 pm
Friday, April 30	Weber Leisure Center 9300 Weber Park Place Skokie	2 pm

Register online by logging into your Employer Access account, clicking on "Find a Workshop," selecting Employer Rate Meeting, and clicking on "Find."

Questions?
If you have any questions, please call an IMRF Member Services Representative at 1-800-ASK-IMRF (1-800-275-4673) 7:30 a.m. to 5:30 p.m., Monday through Friday, or send IMRF a Secure Electronic Message.