IMRF News Archive

newspaper
Money
December 17, 2018
Closed-End Unlisted Infrastructure Equity Fund Search
On September 12, 2018, IMRF requested proposals from investment management firms offering diversified North American and/or Global multi-sector (at least two sectors) focused closed-end unlisted infrastructure equity products. Responses were due no later than October 1, 2018.
Newspapers
December 14, 2018
IMRF Board Reduces Assumed Rate of Return
IMRF Board of Trustees lowered the assumed rate of investment return from 7.5% to 7.25% net of fees.
Newspapers
December 14, 2018
IMRF Investments News
Information from the December 2018 meetings.
Newspapers
December 14, 2018
GFOA Awards IMRF for Excellence
Public finance organization recognizes IMRF for comprehensive reporting excellence, for the 44th time.
Board Room
December 11, 2018
Board of Trustees Meeting
The IMRF Board of Trustees will meet for a regularly scheduled meeting on Friday, December 14, at the IMRF Oak Brook Office beginning at 9 a.m.
Newspapers
November 19, 2018
IMRF Investment Assumed Rate of Return
IMRF Board of Trustees to consider lowering IMRF's assumed rate of return on its investment portfolio.
Newspapers
November 16, 2018
IMRF Investments News
Information from the November 2018 meetings.
Board Room
November 13, 2018
Board of Trustees Meeting
The IMRF Board of Trustees will meet for a regularly scheduled meeting on Friday, November 16, at the IMRF Oak Brook Office beginning at 9 a.m.
Newspapers
October 12, 2018
National Retirement Security Week
The Illinois Municipal Retirement Fund (IMRF), the state’s second-largest and best-funded statewide public pension plan, is alerting citizens from Metropolis to Wauconda, to be their own heroes during National Retirement Security Week, October 21-27, 2018.
Newspapers
October 11, 2018
Presidential Award Team Visits IMRF
Examiners for the nation's highest honor for organizational excellence, the Malcolm Baldrige National Quality Award, visited IMRF to evaluate the pension plan's operations.
Board Room
August 23, 2018
Board of Trustees Meeting
The IMRF Board of Trustees will meet for a regularly scheduled meeting on Friday, August 24, at the IMRF Oak Brook Office beginning at 9 a.m.
Newspapers
August 17, 2018
Team Leader Named to National Board
Kathy Goerdt, the Performance Excellence Manager of the Illinois Municipal Retirement Fund, is now on the Board of Examiners for the nation's highest honor for organizational excellence.
Newspapers
July 19, 2018
Face to Face with Pensions & Investments
Rick Baert of Pensions & Investments chats with Chief Investment Officer Dhvani Shah about IMRF's strategies and what it's like to be a global investor for a locally-funded, governmental plan.
Newspapers
June 27, 2018
The 13th Payment: IMRF's Unique Benefit
The back story of the 13th payment, a benefit unique to IMRF and often misunderstood, even by the people who receive it.
Newspapers
June 26, 2018
2018 13th Payment
The 2018 Supplemental Benefit Payment (13th Payment) will be direct deposited for eligible retirees on July 9, 2018. The amount will be 28.134% of your June benefit payment.
Newspapers
June 22, 2018
IMRF in Forbes Magazine
Forbes spotlights public pensions across Illinois and how IMRF operates in a culture of quality.
Money
May 31, 2018
Global Customized Private Equity Separate Account Search
IMRF is requesting proposals from investment management firms offering a Global Customized Private Equity Separate Account. IMRF has at least $50 million to initially allocate.
Newspapers
May 2, 2018
Rate Meetings - Local Coverage
Click to read more about our Rate Meetings in the news.
Newspapers
May 1, 2018
2018 Rate Meetings
Executive Director Brian Collins and Chief Financial Officer Mark Nannini share an overview of IMRF financial returns and what the numbers mean for employers and taxpayers.
Newspapers
April 3, 2018
IMRF in Pensions & Investments
Executive Director Brian Collins chats with Rick Baert of Pensions & Investments about his noteworthy career and the future of IMRF.
Newspapers
February 27, 2018
IMRF Accepts ILPEx Gold Award
On Thursday, February 22, 2018, IMRF accepted the 2017 Illinois Performance Excellence (ILPEx) Gold Award for ‘Achievement of Excellence’ at the ILPEx Awards for Excellence Ceremony.
Newspapers
January 31, 2018
2017 IMRF Financial Update
Executive Director Brian Collins shares an update on IMRF's preliminary numbers for 2017.
Newspapers
January 31, 2018
ILPEx Conference on Enterprise Excellence
ILPEx is hosting the Conference on Enterprise Excellence on Thursday, February 22, 2018.
Newspapers
December 22, 2017
IMRF Receives Golden Honor
Statewide public retirement system receives prestigious excellence award for performance.
Photo of named IMRF Executive Director Brian Collins
November 17, 2017
Memphis CFO named next Executive Director
The IMRF Board of Trustees today announced the hiring of City of Memphis Chief Financial Officer and Director of Finance and Administration Brian Collins as the organization’s next executive director.
Newspapers
November 17, 2017
IMRF Investments News
Information from the November 2017 meetings.
Money
November 6, 2017
Request For Proposals
IMRF is requesting proposals from minority-owned investment management firms offering passive equity index fund(s) services. IMRF has at least $100 million to allocate.
Newspapers
October 26, 2017
IMRF Wins GFOA Awards for Excellence
Public finance organization recognizes IMRF for comprehensive reporting excellence, for the 43rd time.
Newspapers
October 16, 2017
National Retirement Security Week 2017
The best-funded statewide public pension in Illinois encourages smart savings.
IMRF Investment Analyst Mordecai Tolbert and NBC Chicago Reporter Christian Farr.
September 19, 2017
NBC Covers IMRF Volunteer
IMRF Investment Analyst Mordecai Tolbert appeared on NBC Chicago to talk about volunteering with Big Brothers Big Sisters of Metropolitan Chicago.
Board Room
August 31, 2017
Highlights of the August 2017 Meeting
IMRF ranks highly on customer service benchmarking study; Board provides Springfield an update on IMRF’s Illinois-based investments; Staff provides update on executing 2017-2019 Strategic Plan objectives
Lou in Crain's
July 13, 2017
Crain's Covers Kosiba's Retirement
Senior Reporter Lynne Marek sat down with outgoing IMRF Executive Director Louis W. Kosiba.
Announcement
July 7, 2017
2017 13th Payment Deposited
The 2017 Supplemental Benefit Payment (13th Payment) has been deposited.
Kosiba CNBC 6302017
July 3, 2017
Kosiba Discusses Illinois Pension Cost on CNBC
IMRF Executive Director discussed Illinois pension cost on CNBC broadcast on June 30.
Money
June 21, 2017
Request For Proposals
IMRF is requesting proposals from investment management firms offering U.S. open-ended core private real estate commingled funds. Proposals must be received no later than end of business on July 12, 2017.
Newspapers
June 5, 2017
State Journal-Register publishes IMRF Op-ed
IMRF Executive Director Louis W. Kosiba comments on the recent investigative report by the Better Government Association.
Newspapers
April 18, 2017
IMRF response to PFIC White Paper
IMRF Executive Director Louis W. Kosiba shares IMRF's position on a recent white paper from the Pension Fairness for Illinois Communities (PFIC) coalition.
Newspapers
December 19, 2016
IMRF in Crain's Chicago Business
The leader of the best-funded public pension plan in Illinois shares thoughts on retirement and reform.
Newspapers
October 21, 2016
Good Day Marketplace Welcomes IMRF
Executive Director Louis W. Kosiba joins host Melanie Streeper for a chat about saving for retirement.
Newspapers
July 29, 2016
Naperville TV Covers Retiree Workshop
Local cable channel covers IMRF's 2016 lifestyle workshop.
Newspapers
June 30, 2016
IMRF Thanks Outgoing Employee Trustee John Piechocinski
Piechocinski is retiring from the Plainfield Community Consolidated School District. Piechocinski exits the Board after having served for 5-1/2 years.
Newspapers
March 14, 2016
2016 Brings "Standout" Status for IMRF
PLANSPONSOR just named the Illinois Municipal Retirement Fund as a "Standout" as part of its 2016 "Awards for Excellence" program.
ILPEX Logo
March 10, 2016
ILPEx Conference and Awards Ceremony
IMRF employers invited to attend to learn about the Baldrige Criteria for Performance Excellence.
Newspapers
November 30, 2015
News Gazette Recognizes Retiree
Marilyn Campbell, one of IMRF's Year of the Volunteer honorees, was recognized by The Champaign News-Gazette in a November 27 article.
Newspapers
October 30, 2015
IMRF Recognizes Year of the Volunteer Honoree Scott Garrison
IMRF recognizes Lake Zurich retiree's dedication to the environment
Newspapers
October 15, 2015
IMRF not impacted by Illinois budget stalemate
Illinois Comptroller Leslie Geissler Munger announced that due to the budget stalemate Illinois would not make its November pension payment to the state-funded retirement systems. This missed payment has no impact on IMRF or its ability to pay pensions. IMRF receives no funding from the state of Illinois.
Newspapers
September 9, 2015
IMRF Recognized for Surviving 2008 Financial Crisis
Diane Oakley, executive director of the National Institute on Retirement Security, recognized IMRF's ability to weather the 2008 financial crisis.

Newspapers
July 21, 2015
IMRF hosts brain-health retiree workshop in Arlington Heights
IMRF hosted the brain-health workshop, "Hold that Thought," on July 15 for its retirees in Arlington Heights
Illinois Gov. Bruce Rauner
July 9, 2015
The Governor’s Pension Proposal and IMRF
IMRF is NOT included in Gov. Bruce Rauner’s proposal to alter pension benefits
Newspapers
June 16, 2015
IMRF recognizes Marianne Marlow for her volunteer efforts
IMRF recognizes Rockford retiree, Marianne Marlow, for her volunteer efforts.
Newspapers
June 5, 2015
IMRF is investing $200m in four value-added real estate funds.
IMRF committing $200m in four U.S.value-add real estate funds.
IMRF in the News
May 18, 2015
Executive Director urges IMRF members to volunteer
IMRF to support statewide “Year of the Volunteer” initiative during 2015
Newspapers
May 8, 2015
Illinois Supreme Court Rules 2013 Pension Law Unconstitutional
The Illinois Supreme Court today unanimously ruled unconstitutional the “pension reform” law from 2013.

Newspapers
April 30, 2015
Executive Director discusses employer rates in Springfield
IMRF employer contribution rates to decrease for the City of Springfield and Sangamon County.
Newspapers
April 30, 2015
Executive Director visits Peoria to talk employer rates
IMRF employer contribution rates to decrease for the City of Peoria and Peoria County.
Newspapers
April 30, 2015
Executive Director discusses employer rates in Moline
IMRF employer contribution rates to decrease for the Quad-Cities.
Newspapers
April 30, 2015
Executive Director updates Mount Vernon employers on rates
IMRF employer contribution rates to decrease for the City of Mount Vernon and Jefferson County.
IMRF in the News
April 10, 2015
Pittsburgh NPR affiliate highlights IMRF as a model pension system
The Pittsburgh, PA., NPR affiliate highlighted IMRF as a model pension system in a recent piece on Pennsylvania’s distressed municipal pensions.
Newspapers
March 23, 2015
IMRF Executive Director Appointed to the ILPEx Board of Trustees
IMRF Executive Director Louis W. Kosiba was appointed to the Illinois Performance Excellence (ILPEx) Board of Trustees. His three-year term begins March 26, 2015.
IMRF in the News
February 25, 2015
IMRF Recognized as a Well-Funded Pension Plan
The Center for State and Local Government Excellence recognizes IMRF for its long tradition of being well-funded and its successful pension practices.
IMRF in the News
February 17, 2015
David C. Miller begins first term on Oak Brook-based IMRF board of trustees
North Shore Sanitary District Deputy Treasurer and Assistant General Manager David C. Miller was elected to the Illinois Municipal Retirement Fund (IMRF) board of trustees as an executive trustee. His five-year term began Jan. 1.
IMRF in the News
February 17, 2015
Former President of Oak Brook-based IMRF Board of Trustees Elected to Second Term as Employee Trustee
Evanston resident Natalie Copper – who has previously served as president, vice president and secretary of the IMRF board of trustees – was elected to her second term as employee trustee. Copper has served as an employee trustee since January 2010. Her new, five-year term began Jan. 1.
IMRF in the News
February 10, 2015
North Shore Sanitary District Deputy Treasurer Elected to IMRF Board of Trustees
North Shore Sanitary District Deputy Treasurer and Assistant General Manager David C. Miller was elected to IMRF board of trustees as an executive trustee. His five-year term began Jan. 1.
IMRF in the News
February 10, 2015
Former President of IMRF Board Trustees Elected to Second Term as Employee Trustee
Evanston resident Natalie Copper - who has previously served as president, vice president and secretary of the IMRF board of trustees - was elected to her second term as employee trustee. Copper has served as an employee trustee since January 2010. Her new, five-year term began Jan. 1.
IMRF Executive Director Louis Kosiba on WTTW
January 8, 2015
Kosiba Joins The Great Pension Debate on WTTW
IMRF Executive Director joined a panel discussion on Illinois pension reform broadcast on WTTW on January 8.
IMRF in the News
December 12, 2014
Oak Brook-based IMRF Receives Excellence Award
Trib Local, December 12, 2014: Illinois Performance Excellence announces Illinois Municipal Retirement Fund of Oak Brook, IL is a recipient of the 2014 Silver Award for "Progress toward Excellence" for demonstrating effective, systematic, well-deployed approaches that respond to the multiple requirements to most of the Criteria.
ILPEX Logo
December 5, 2014
IMRF Awarded 2014 Silver Award from Illinois Performance Excellence
Illinois Performance Excellence announces Illinois Municipal Retirement Fund of Oak Brook, IL is a recipient of the 2014 Silver Award.
Gavel
December 5, 2014
Judge rules PA 98-0599 unconstitutional
IMRF benefits not affected by ruling

A Sangamon County Circuit Court judge on November 21, 2014, ruled that Public Act 98-0599, the pension reform legislation signed by the governor in December 2013, is unconstitutional.

IMRF in the News
October 12, 2014
Boosting Retirement Savings
The News-Gazette, October 12, Oct. 19-25 — is National Save for Retirement Week, and the Illinois Municipal Retirement Fund is offering seven tips for increasing retirement savings.
GASB Logo Thumbnail
October 2, 2014
New financial reporting procedures
IMRF has modified how it reports its financial position to comply with new reporting requirements from the Governmental Accounting Standards Board (GASB).