Voluntary Additional Contributions Add Up

In the winter, 2015 edition of the IMRF members newsletter Fundamentals (under 40 edition), IMRF Executive Director Louis Kosiba reflected on the potential of the Voluntary Additional Contributions program. Kosiba called it "a powerful tool" to build financial security "available only to IMRF members."

Expanding on this thought, we've developed this information summary to help you understand the potential benefits. This chart shows how a very modest monthly contribution of $50 can grow over time. The chart assumes the current annual interest rate of 7.5% which is applied to the opening balance of your VAC account each year on January 1. This rate can change in the future but it has been at 7.5% since 1992.