Friday, June 8, 2018
Welcome to Employer Digest, your monthly source for IMRF news and information to help you stay connected with IMRF.
Reducing Unfunded Actuarial Accrued Liability
Recently, employers with an unfunded actuarial accrued liability (UAAL) have inquired about how to reduce their unfunded balance. There are three ways the UAAL may be reduced:

  • IMRF earns more on its investments than its assumed rate of return of 7.5%
  • An employer pays the employer contribution rate set annually by IMRF
  • An employer makes voluntary payments specifically to pay down the UAAL. To maximize potential benefits, it's important to make additional contributions before year-end.

For more information about the ways to reduce your employer's unfunded balance, including the pros and cons of making voluntary payments, please review General Memo 677. You are encouraged to share this memo with your unit of government's financial administrators.

If you have any questions about your employer's UAAL, please contact IMRF through your Employer Access account's Secure Message Center.
Summer Authorized Agent Workshops
Attend an Authorized Agent workshop in your area this summer to learn more about IMRF procedures and how to administer IMRF at your employer. Authorized Agent workshops are open to Authorized Agents and other employer representatives, and there is no cost to attend.

Summer Authorized Agent workshops:

  • Mt. Carmel - Wednesday, July 11 at 9 AM
  • Beach Park - Wednesday, July 25 at 9 AM
  • Tinley Park - Tuesday, July 31 at 10 AM
  • Rock Falls - Thursday, August 2 at 9 AM
  • Aurora - Tuesday, September 11 at 9 AM
  • Galesburg - Thursday, September 13 at 9 AM
  • Champaign - Friday, September 14 at 9 AM
  • Elk Grove Village - Tuesday, September 18 at 9 AM
  • Oak Lawn - Thursday, September 20 at 10 AM
  • Springfield - Friday, September 28 at 9 AM

Each workshop is scheduled for five hours. A continental breakfast and light lunch will be served.

Register for a workshop through Employer Access or by calling the exclusive, employer-only phone number, 1-800-728-7971.
May 2018 Board Meeting Highlights
On Friday, May 18, 2018, the IMRF Board of Trustees:

  • Received IMRF's Actuarial Valuation for 2017
  • Approved plan for 2018 Executive Trustee election
  • Approved move to second phase of technology project

Read the complete report in the May 2018 Board Meeting Highlights.

The next regularly scheduled Board meeting will be held Friday, August 24, at 9 AM at IMRF's Oak Brook office. You can view the 2018 IMRF Board of Trustees meeting calendar here.
Visit IMRF's website
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2211 N. York Rd., Ste. 500, 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