5.20 Retirement Pensions

IMRF has developed a Retirement Application Check List to assist Authorized Agents with a member's application for an IMRF pension Also known as an annuity. An IMRF pension is paid as long as the member lives. It is increased by 3% of the original amount each year. A member must have at least eight years of service credit and be age 55 to apply for an IMRF pension under the Regular and ECO plans. A member must be age 50 and have at least 20 years of SLEP service credit to apply for a SLEP pension..

IMRF has also developed a Member Retirement Check List to assist members in the retirement application process.

Learn more about IMRF retirement pensions from the topics listed below:

1. Eligibility for an IMRF Retirement Pension

2. Amount of IMRF Retirement Benefits

3. IMRF Early Retirement Incentive (ERI)

4. Application for Retirement Pension

5. Pension Payment Procedures

6. How the IMRF Pension is Affected by Returning to Work

7. Income Taxes on Retirement Pensions