General Memo 596


Meetings to discuss IMRF’s 2009 investment return and the impact on employer contribution rates and funded status

February 26, 2010

We encourage each Authorized Agent to share this memorandum 
with your unit of government’s chief financial officer, other officials, 
and governing body members.

This preliminary information is based on unaudited investment return data and projected actuarial information. Finalized information will be available in late April or early May 2010

The estimated 2009 investment return for IMRF is 24.5%. This return translates into investment income of approximately $4.54 billion.

Approximately $3.5 billion will be credited to employer reserve balances. On average, employer accounts will be credited approximately 99% on their beginning of the year employer reserve balance. These credits reflect the fact that, as a member of a defined benefit plan, IMRF employers share all the risks and rewards of investment returns.

The phase-in plan adopted by the IMRF Board of Trustees in 2009 will remain in effect for 2011 rate purposes.

Beginning on April 19, 2010, IMRF will present a series of Employer Rate meetings throughout the state. At these meetings we will discuss the impact of year-end financial and actuarial data on IMRF as a whole and its estimated impact on individual employers.

Register online by logging into your Employer Access account, clicking on "Find a Workshop," selecting Employer Rate Meeting, and clicking on "Find."

The meetings will take approximately an hour-and-a-half, consisting of both a formal presentation and a question and answer period. We encourage you, your chief financial officer, other officials, governing board members, and other interested parties from your employer to attend.

IMRF will also present the same information at two webinars in early May. Information on the webinars will be provided in a future Employer Digest email.

Dates and Locations

Date Location Time
Monday, April 19 Stoney Creek Inn
101 Mariners Way
East Peoria
10 am
  IMRF Regional Office
3000 Professional Drive
2 pm
Tuesday, April 20 Gateway Center
One Gateway Drive
9 am
  Rend Lake Resort
11712 East Windy Lane
2 pm
Wednesday, April 21 Hawthorn Suites
101 Trade Centre Drive 
9 am
Monday, April 26 Clock Tower Resort & Conf
7801 E State Street
9 am
  Stoney Creek Inn
101 18th Street
2 pm
Tuesday, April 27 Libertyville Sports Complex
1950 N US Hwy 45
2 pm
Wednesday, April 28 Tinley Park Library
7851 Timber Drive
Tinley Park
10 am
  Oak Brook Village Hall
1200 Oak Brook Road
Oak Brook
2 pm
Friday, April 30 Weber Leisure Center
9300 Weber Park Place
2 pm

Register online by logging into your Employer Access account, clicking on "Find a Workshop," selecting Employer Rate Meeting, and clicking on "Find."

If you have any questions, please call an IMRF Member Services Representative at 1-800-ASK-IMRF (1-800-275-4673) 7:30 a.m. to 5:30 p.m., Monday through Friday, or send IMRF a Secure Electronic Message.

return to top