August Board Meeting Highlights

Board Room
September 12, 2018

IMRF leads in cost-effective service, report concludes

IMRF remains among the leaders in cost-effective customer service, according to a new report.

Kam Mangat, a Vice President with CEM Benchmarking Inc., told the IMRF Board of Trustees that in 2017 IMRF ranked in the top quartile of the 44 public pensions that participate in CEM’s annual study. The CEM study compares public pensions’ customer-service levels and total spending.

The report showed IMRF’s:

“These are solid results,” Mangat said. “You provide higher service levels and have lower costs relative to your peers.”

Board provides Springfield an update on IMRF’s Illinois-based investments

The Board approved the submission of an annual report to Gov. Bruce Rauner and the General Assembly that documents IMRF investments made in Illinois.

Highlights from the report include:

Staff updates Board on legislation

The two bills that made up the Board’s 2018 Legislative Agenda were passed by the General Assembly, IMRF Legislative Liaison Bonnie Shadid reported, and have since been signed into law by the Governor.

For more information on these and other bills that may impact IMRF, see IMRF’s website.

Staff provides update on executing 2017-2019 Strategic Plan objectives

The Board received an update on activities undertaken during the second quarter in support of the 2017-2019 Strategic Plan. Key successes within each of the Strategic Plan’s Key Result Areas (KRAs) included:

Financial Health KRA:

Customer Engagement KRA:

Workforce Engagement KRA:

Operational Excellence KRA:

New units of government join IMRF

The Board approved the participation of the following new employers:

Next Board Meeting

The next regular meeting of the IMRF Board of Trustees will be November 16 at 9 a.m. at IMRF’s Oak Brook headquarters.