Employer Digest

Friday, October 13, 2023

Welcome to Employer Digest, your monthly source for IMRF news and

information to help you stay connected with IMRF.

Two Candidates for Executive Trustee

Ballots Due by December 8th

This fall, IMRF employers will elect one Executive Trustee for a five-year term of office, from January 1, 2024 through December 31, 2028.

Candidates for the Executive Trustee position are Jack Bower, Executive Director of the Broadview Public Library, and current Trustee Sue Stanish, Director of Finance for the Naperville Park District

Learn more about the candidates here.

Distributing ballots and voting

IMRF will mail ballots to all employers in mid-October. Follow the instructions in the mailing to cast your vote. Completed ballots must be received by 4:30 PM CST on Friday, December 8, 2023.

Announcing results

Election results will be certified at the Board of Trustees meeting on December 15, 2023, and IMRF will announce the results on its website.

New IMRF Employee Trustee Douglas Cycholl

Douglas Cycholl was unopposed in running for IMRF Employee Trustee. His term as Employee Trustee will run January 1, 2024 through December 31, 2025. Cycholl is the Fire Hydrant Foreman for the City of Springfield, IL.

“As President of Local 337 for 12 years, I am an experienced advocate,” Cycholl said. “As an IMRF Trustee, I look forward to advocating for the members of IMRF.”

IMRF is governed by an eight-member Board of Trustees:

Three Employee Trustees elected by active members
One Annuitant Trustee elected by retired members
Four Executive Trustees elected by IMRF employers

The IMRF Board has many responsibilities, including authorizing IMRF investments, approving the administrative budget, and setting employer contribution rates.

For information on IMRF's Board of Trustees, click here.

Encourage Your Employees to Save

During National Retirement Security Month

National Retirement Security Month is an annual effort each October to raise public awareness about the importance of saving for retirement. It's a time for employees to reflect on their personal retirement goals.

Please let your employees know that IMRF's Voluntary Additional Contributions (VAC) program is a unique retirement saving opportunity available to IMRF members only. The consistent interest rate of IMRF's VAC program (currently 7.25%) makes it a particularly attractive retirement savings option in times of market volatility.

Please share this VAC fact sheet with your employees.

Visit IMRF's website

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Oak Brook, IL 60523-2337 (Main Office)

3000 Professional Dr., Ste. 101, Springfield, IL 62703

Member-only Phone: 1-800-ASK-IMRF (275-4673)

Employer-only Phone: 1-800-728-7971

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