IMRF Executive Director Brian Collins shares a video update on IMRF's 2022 investment return, funded status, and overall financial position.

In 2022, the IMRF investment portfolio decreased by approximately 12.8%. IMRF’s estimated actuarial funded status is about 98.0%. These estimates are based on preliminary data and are likely to change.

We expect the portfolio decrease to cause a slight increase in employer contribution rates beginning in 2024. However, IMRF’s standard actuarial practice of smoothing, along with the strong returns of the previous 3 years, will help mitigate the impact of the loss in any one year.

Employers can see their reserve balance on the Employer Retirement Reserve Statements now. Employers will receive 2024 preliminary rate notices in April.

Your employer's 2022 Employer Retirement Reserve Statements are now available in Employer Access in the "Display Annual Documents" section.

These statements may include: 

• Employer Retirement Reserve Statement for 2022 for your employer's regular reserve account
• ECO Retirement Reserve Statement if your employer participates in the Elected County Official (ECO) plan
• SLEP Retirement Reserve Statement and/or SLEP Enhancement Reserve Statement if your employer participates in the Sheriff's Law Enforcement Personnel (SLEP) plan
• ERI Retirement Reserve Statement if your employer offered the IMRF Early Retirement Incentive (ERI)

Questions?

If you have questions about these statements, please contact IMRF at

1-800-728-7971 (employers only) or send a secure message in Employer Access.

Employer copies of 2022 Member Statements are now available in Employer Access in the "Display Annual Documents" section.

Please do not share these copies with your employees; they are provided as a reference for your employer. Use them to check for errors.

IMRF will notify your employees when their 2022 Personal Statement of Benefits (Member Statement) are available in Member Access. This annual statement provides members with their IMRF account activity for 2022, including past earnings, contributions, and employers. Members are encouraged to review this information each year to check accuracy and to resolve any problems early.

Reminder

Member Statements are not mailed to members. They are only available in Member Access.

On Thursday, January 12, 2023, the IMRF Board of Trustees approved the committees for 2023.

For more information

You can read the full report in the January 2023 Board Meeting Highlights. See the 2023 Board schedule here.

The next Board meeting will be held Friday, March 31, at 9 AM.

We offer these online webinars for Authorized Agents to learn more about IMRF procedures and how to administer IMRF. Register today!

February 2023

• Module 1: Introduction, Enrollment, Wage Reporting, and Termination – will be offered again in the future
• Module 2: IMRF Benefits, Employer Rates, and Legislation – February 28

All sessions run 9:00 AM to 10:30 AM.

Webinar structure

This 2-part webinar series prepares IMRF Authorized Agents to perform common IMRF tasks. Note: to receive a completion certificate, you must attend the session live, not watch a recording.

Together, these two 90-minute webinars cover the topics included in the former one-day workshop. Each webinar stands alone, and you can attend them in either order. You are unable to cancel registration from a single module.