General Memo 679

November 19, 2018

IMRF Investment Assumed Rate of Return

At its December 14 meeting, the IMRF Board of Trustees will consider lowering IMRF’s assumed rate of return on its investment portfolio.

The discussion is a result of a recommendation from IMRF’s actuarial consultant, GRS Retirement Consulting. At the Board’s November 16 meeting, GRS recommended lowering IMRF’s current assumption of 7.5% net of fees to 7.25% net of fees or lower. You can review the presentation GRS delivered to the IMRF Trustees here.