July 13, 2017
Lynne Marek, senior reporter with Crain's Chicago Business, sat down with IMRF Executive Director Louis W. Kosiba to discuss his upcoming retirement. Some of the highlights include notable quotables and milestone recognitions that have helped IMRF and thousands of public service employees across Illinois:
- IMRF is "a bright spot among the state's five largest pensions"
- Crain's notes that IMRF is "one Illinois pension that is better funded than most in the country"
- Kosiba is "leaving behind a $38 billion pension that is nearly 90 percent funded"
- Earnings from investments have paid for 62 percent of pension costs
- Employees hired on or after January 1, 2011, carry a 40 percent lower pension cost
Keep following IMRF online and on social media, as we navigate Lou's Road to Retirement.