General Memo 610


2011 Employer Rate Meetings: 2010 investment return, its impact on employers, potential pension-related legislation, and other forces influencing IMRF

February 28, 2011

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 investment information is based on unaudited investment return data and projected actuarial information. Finalized information will be available in late April or early May 2011

The estimated 2010 investment return for IMRF is 13%. This return translates into investment income of approximately $3 billion.

Approximately $1.7 billion will be credited to employer reserve balances. On average, employer accounts will be credited approximately 26% 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 2012 rate purposes.

2011 Employer Rate Meetings: beyond rates and returns
Beginning on April 19, 2011, 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.

However, at these meetings we will also discuss potential pension-related legislation that could impact IMRF as well as other forces influencing IMRF.

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
Advance registration is required to attend these meetings
Tuesday, April 19 Stoney Creek Inn
101 Mariners Way
East Peoria

IMRF Regional Office
3000 Professional Drive
10 am
2 pm
Wednesday, April 20 Gateway Center
One Gateway Drive

Fairfield Inn by Marriot
217 Potomac Blvd
Mt. Vernon
9 am
2 pm
Thursday, April 21 Hilton Garden Inn
1501 S. Neil St.
9 am
Monday, April 25 Hilton Garden Inn
18335 S. LaGrange Road
Tinley Park

Double Tree
1909 Spring Road
Oak Brook
10 am
2 pm
Tuesday, April 26 Libertyville Sports Complex
1950 N. US Highway 45
2 pm
Wednesday, April 27 Clock Tower Resort & Conf
7801 E. State Street

Stoney Creek Inn
101 18th Street
9 am
2 pm
Friday, April 29 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.