IMRF response to PFIC White Paper

April 18, 2017

OAK BROOK, Ill. -- The Pension Fairness for Illinois Communities (PFIC) coalition issued a white paper in March 2017 titled "Public Safety Pension Fund Consolidation: The Benefits to Illinois Taxpayers."

In the document, the PFIC recommends consolidating public safety pension funds into IMRF.

IMRF opposes such a proposal. Should a consolidation of public safety pension funds and IMRF be contemplated, IMRF believes it is crucial that an internal administrative and governing separation of these different pension plans be maintained within IMRF.

For more details on IMRF's position, see a response to a draft version of the paper submitted by IMRF Executive Director Louis W. Kosiba.