Over the next several weeks, IMRF members will begin seeing their Annual Member Statements in their Member Access accounts. It takes time to run the statements, but all active and inactive members will be able to view their statements by Spring 2026.
Learn how to download your Member Statement from Member Access here.
IMRF appreciates your patience as all Member Statements are shared to Member Access accounts.
What is a Member Statement?
The Member Statement provides important information about your benefits as an IMRF member and helps you better understand what your monthly annuitant payment will be when you retire. The calculation is only an estimate, and your final benefit will be determined when you submit all the necessary documentation for your retirement.
If you have less than 12 months of service credit, an estimate will not be included in your statement.
How is the pension estimate determined?
The pension estimate is based on the benefits guaranteed by your pension plan – Tier 1, Tier 2, Tier 1 SLEP, or Tier 2 SLEP.
It also includes the following assumptions:
- A salary increase of 2.75% each year until you retire.
- That you will continue to work for an IMRF employer until you retire.
To learn more, please review the “Estimate Assumptions” section at the end of your statement.
What is the “Pension Value”?
The Pension Value shared in your Member Statement provides a comparison of how much you would have needed to purchase an annuity with a comparable lifetime benefit. The amount you need to contribute to IMRF is significantly lower.
Through a combination of employee and employer contributions, plus the investment returns secured through IMRF, the Pension Value shows what you would have needed to personally save for your retirement, instead of being able to take advantage of all three funding sources for your IMRF pension.
Why did my pension estimate change?
Your pension estimate changes annually based on what you earned in the previous year.
For example, the estimate assumes that you will receive a salary increase of 2.75% every year. If you did not receive a salary increase last year, then the estimate changes to reflect the fact that there was not a salary increase and results in a lower estimate.
Additionally, if you needed to take time away from work and did not earn the same salary that you received, the estimate will be adjusted to reflect these life changes. That also means the estimate will be adjusted after you return to work full-time this year.
