General Memo 636


2013 Employer Rate Meetings: 2012 investment return, its impact on employers, potential pension-related legislation, and other forces influencing IMRF

February 28, 2013

We encourage each Authorized Agent to share this memorandum with your unit of government’s chief financial officer, other officials, and governing body members.

This preliminary information is based on unaudited investment return data and projected actuarial information. Finalized information will be available in early May 2013.

The estimated 2012 investment return for IMRF is 13.7%. This return translates into investment income of approximately $3.5 billion after expenses. From an actuarial basis, IMRF assumed it would earn $1.9 billion.

On average, employer accounts will be credited approximately 30% on their beginning of the year employer reserve balance. These credits reflect the fact that, as a sponsor of a defined benefit plan, IMRF employers share all the risks and rewards of investment returns.

2013 Employer Rate Meetings: beyond rates and returns

Beginning on April 22, 2013, IMRF will present a series of Employer Rate meetings throughout the state. At these meetings we will discuss the impact of year-end financial and actuarial data on IMRF as a whole and its estimated impact on individual employers.

At these meetings we will also discuss potential pension-related legislation that could impact IMRF as well as other forces influencing IMRF.

The meetings will take approximately an hour-and-a-half, consisting of both a formal presentation and a question and answer period. We encourage you, your chief financial officer, other officials, governing board members, and other interested parties from your employer to attend.

IMRF will also present the same information at a webinar in early May. (Information on the webinar will be provided in a future Employer Digest email).

Dates and Locations
Advance registration is requested
Monday, April 22 Stoney Creek Inn
101 Mariners Way
East Peoria
10 am
IMRF Regional Office
3000 Professional Drive
2 pm
Tuesday, April 23 Gateway Center
One Gateway Drive
9 am
Fairfield Inn by Marriot
217 Potomac Blvd.
Mt. Vernon
1 pm
Wednesday, April 24 Hilton Garden Inn
1501 S. Neil Street
9 am
Monday, April 29 Sports Complex
1950 N. US Hwy 45
2 pm
Tuesday, April 30 Clock Tower Resort & Conf
7801 E. State Street
9 am
Stoney Creek Inn
101 18th Street
2 pm
Wednesday, May 1 Hilton Garden Inn
18335 S. LaGrange Road
Tinley Park
10 am
1909 Spring Road
Oak Brook
2 pm

Register online by logging into your Employer Access account, clicking on "Find a Workshop," selecting Employer Rate Meeting, and clicking on "Find."

If you do not have an Employer Access account, you can register by faxing a completed registration form to 630-368-5397 or by emailing IMRF Meeting Planner Donna Cesario at


If you have any questions, please call an IMRF Member Services Representative at 1-800-ASK-IMRF (1-800-275-4673) 7:30 a.m. to 5:30 p.m., Monday through Friday, or send IMRF a Secure Electronic Message.