The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. The contents of this Manual and its Board policies may be changed at any time. The contents of this Manual and its Board policies may be changed at any time at the sole. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Section 2: Board Governance Policies. IMRF ACTIVE MEMBER OVER 40 EDITION VOLUME 33 | NUMBER 3 FALL 2018 Member Access puts your IMRF financials at your fingertips Making sure your personal information and member contributions are current with IMRF is key to keeping your future pension secure. 00 monthly pension effective January 1, 2015. This e-newsletter includes news and links to best inform employers and help them administer IMRF. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. 2016 Board President. And there is a link to the “ Members Only ” area in the footer of every page as well. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. 48% to 3. It's a time to reflect on your personal retirement goals. IMRF Employer Access. When a topic applies to a certain group of employers, IMRF. Employer Access allows you to perform essential administrative tasks quickly and easily. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. IMRF Employers will elect one Executive Trustee who will serve a five-year term which will run from January 1, 2024, through December 31, 2028. National Retirement Security Month is an annual effort each October to raise public awareness about the importance of saving for retirement. Enter your Email Address twice and click Continue. If you already have an account with the IMF Institute, please sign in. Please click the link below if you would like to view a recently pre. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Locally funded, financially sound. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. 2023 13th Payment. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. The best way to view and update your beneficiary information is through your secure Member Access account at and send an IMRF Member Information Change form. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. Your IMRF Member ID or the last four digits of your Social Security Number. Are after tax, not tax-deferred. Board of Trustees Policies. IMRF Investments News. Get ready to unlock the full potential of IMRF’s new secure Employer Access website. IMRF provides certain benefits to your beneficiaries if you pass away. Activate your Member Access account using the registration key provided in your welcome letter. If your employer wishes to provide you with IMRF service credit and IMRF disability and death benefit protection when your IMRF disability benefits end and you are not working, your employer’s. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. 00 a month. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Financial Highlights. IMRF electronically issues General Memorandum to all IMRF employers. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Section 1: IMRF Organization and Governance. This e-newsletter includes news and links to best inform employers and help them administer IMRF. Upload Document; Secure Online Forms;. Employers do not make any contributions to your VA account. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. In 2022, IMRF’s total expenses equaled about $2. Ballots, along with candidates’ biographies, will be mailed to Authorized Agents or governing bodies as appropriate in the second half of October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. Log in to your Member Access account today! Logging in to your Member Access account allows you to view your annual Statement of Benefits, 1099-R statement, 13th Payment. If you are considering a divorce, IMRF recommends that you carefully review the information linked below with your personal attorney. Call 1-877-610-3706 and follow the automated prompts. When a topic applies to a certain group of employers, IMRF. Benefits. You may receive monthly payments (see below for details). 64IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. 75% for a regular plan benefit. In recognition of National Retirement Security Month, IMRF invites you to take our quiz to test your knowledge about the IMRF Voluntary Additional Contributions (VAC) program, a unique and highly effective retirement savings opportunity available to IMRF members only. Veterans Parkway Springfield, IL 62704 Phone: 217-785-7444 Fax: 217-785-7019 Email SERSThe 2024 disability benefit contribution rate will decrease to 0. Board Resolution 2020-05-10(a), clarifies the separation of service requirements for IMRF retirees. Your total pension at retirement cannot exceed 75% of your final rate of earnings. My IMRF; Account. 5% of your salary toward your future IMRF pension: 6. At retirement, you can take. Upload Document. Forms for Retirees and Annuitants. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. To view your Member Statement in Member Access, login and click on Member Statements under Quick Links in the right column. IMRF’s Voluntary Additional Contribution (VAC) program is an easy way to help you save additional retirement income. 2101 S. Transactions are securely and instantly transmitted to IMRF. The most efficient ways to submit your nomination are through Secure Message in Member Access or attached to an email sent to IMRF at IMRFTrusteeElection@imrf. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Voluntary Additional Contributions. Earlier this month, Governor Pritzker approved Senate Bill 1824. IMRF Member Access - Reset Password. IMRF electronically issues General Memorandum to all IMRF employers. IMRF Investments News. The contents of this Manual and its Board policies may be changed at any time. Congratulations! You now have an active Member Access account! Quick Links Member Access - Sign Up Today Manage Your Account With Employer Access. 10: Name or change beneficiaries: Member Access: Form 6. IMRF electronically issues General Memorandum to all IMRF employers. You can also call 1-800-ASK-IMRF (1-800-275-4673), email us or fax us at 630-706-4289. 08% of employer payroll, from 0. m. IMRF divides the first. You can contribute. Log in to your Member Access account today! Logging in to your Member Access account allows you to view your annual Statement of Benefits, 1099-R statement, 13th Payment. org IMRF is a retirement fund for municipal employees in Illinois. Oak Brook, IL 60523-2337. The Board Investment Committee assists the Board of Trustees with its duty to invest the asse Click “Member Login” in the green box at the top right of Click the yellow "Register for a Member Access Account" button. As Illinois’ second-largest pension plan, IMRF serves more than 442,000 members and more than 3,000 units of government, including counties, cities, towns,. Enter the Registration Key from the letter sent to you by IMRF. Doe@yahoo. If you do not have a valid beneficiary form on file, any remaining lump sum benefits will be paid to your estate. Upload Document; Secure Online Forms;. to 5:30 p. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. The 2021 Supplemental Benefit Payment (13th Payment) will be direct deposited for eligible retirees on July 8, 2021. You can mail your changes to: IMRF. May 29, 2020 Revised February 11, 2021. Your IMRF retirement benefits will never be reduced because you receive Social Security, and your Social Security benefits should not be reduced by your IMRF pension. m. The contents of this Manual and its Board policies may be changed at any time. Note: In cases where a member's spouse is not eligible for a surviving spouse pension, this option allows the member to provide a benefit similar to IMRF's surviving spouse pension. Mary Member is a Tier 1 member who has a salary of $45,000 a year and 15 years of service credit when she becomes disabled at age 55. Board of Trustees Policies. Benefits. TIER 2 REGULAR PLAN INFORMATION. How to Read Your Buyback election confirmation letter. If a conflict arises between information in the IMRF website and the law, all decisions are based on the law. Forms for Retirees and Annuitants. 2211 York Road, Suite 500. Board of Trustees Policies. Board of Trustees Policies. 3 MONTHS BEFORE YOU PLAN TO RETIRE n Sign up for a Member Access account if you haven’t already. If your surviving spouse is under age 60, IMRF. At the end of 2021 we had 121 members in 53 countries. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. If you do not have an eligible surviving spouse when you retire, you can take your surviving spouse contributions as. (If you applied for your retirement through Member Access. To register, you will need your IMRF Member ID and a valid email address. Staff members who assist you with day-to-day IMRF issues and processes such as enrollment, payroll reporting, benefit applications, employer related. Responses to Inquiries to be posted on IMRF’s website by April 17, 2023. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Documents. 11A. This resolution interprets pension eligibility requirements in both the Illinois Pension Code and. Your statement provides your total contributions and service information. Forms for Retirees and Annuitants. IMRF Members support each other and share. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Your IMRF Member ID or the last four digits of your Social Security Number. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Note: First make sure your address is up to date with IMRF. Forms for Retirees and Annuitants. The Illinois Municipal Retirement Fund (IMRF) is requesting proposals from firms that will deliver a multi-factor based U. Transactions are securely and instantly transmitted to IMRF. IMRF Board Resolution 2019-05-09(d) Changes Certification for Elected and Appointed Officials* June 14, 2019. Board of Trustees Policies. To ensure the widest possible engagement of Member States and stakeholders in the preparatory process of the International Migration Review Forum (IMRF), the United Nations Network on Migration, on behalf of the co-facilitators of the intergovernmental consultations on the Progress Declaration, opened this dedicated. Follow these step-by-step instructions on how to request a registration key for member access. In November, IMRF will conduct two trustee elections: Employers will elect one Executive Trustee for a five-year term. 11A. The Board Investment Committee assists the Board of Trustees with its duty to invest the asseIMRF Investments News. Click “Member Login” in the green box at the top right of Click the yellow "Register for a Member Access Account" button. Your death benefits would still include one year's salary, and death benefit options are the same as if you were still working. 9 billion. Transactions are securely and instantly transmitted to IMRF. Profile. You can safely update your beneficiaries, address, email and phone numbers. 21: Enroll an elected official: NA: Form 6. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Follow the on-screen prompts to submit online payments through First Data. Scan your completed form and send it to IMRF by attaching it to a secure message using Member Access. Select Secure Online Forms. This e-newsletter includes news and links to best inform employers and help them administer IMRF. 3 MONTHS BEFORE YOU PLAN TO RETIRE n Sign up for a Member Access account if you haven’t already. IMRF conducted three 2023 Employer Rate webinars on May 9 at 10 AM, May 10 at 1:30 PM and May 11 at 9 AM. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. 2) How to Access the "Members Only" Area if You Don't Have Log-in Credentials as an IMRF MemberDo you want to manage your IMRF pension online? Register for Member Access, a secure and convenient way to view your account details, update your information, and access forms and resources. The most efficient ways to submit your nomination are through Secure Message in Member Access or attached to an email sent to IMRF at [email protected] statement provides your total contributions and service information. Board of Trustees Policies. 20: Apply for disability benefits: Member Access: Form 5. You contribute 7. IMRF Employers will elect one Executive Trustee who will serve a five-year term which will run from January 1, 2024, through December 31, 2028. Once overfunded amounts are used up, employer rates will increase to the normal cost rate, death, disability, and supplemental rate plus amortization of any unfunded amounts. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. November 17, 2023. Ballots will be mailed to Authorized Agents or governing bodies in October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. IMRF’s revenue comes from 3 sources: member contributions, IMRF employer contributions (from participating units of government), and investment income. Information for Employers Considering Participation. Nominations for IMRF Executive Trustee Accepted through September 15. Provides employees of local governments and school districts (with the exception of the City of Chicago and Cook County) with a system for the payment of retirement, disability, and death benefits. 63. The percentage is based on the total of: Employer contributions (. 5% out of every paycheck to fund IMRF benefits. Ballots will be mailed to Authorized Agents or governing bodies in October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. Newly Elected Officials Must Complete Form if Choosing to Participate in IMRF. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Kuehne is the Finance. 5 billion, from $50. 7 million would reduce its Funding Adjustment rate from 3. 11: Make changes to your name, address, phone or other information (members) Member Access: Form 6. If a conflict arises between information in the IMRF website and the law, all decisions are based on the law. Ballots will be mailed to Authorized Agents or governing bodies in October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. This e-newsletter includes news and links to best inform employers and help them administer IMRF. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Members will elect one Employee Trustee for a two-year term. Board of Trustees Policies. Board of Trustees Policies. IMRF website Brian Glover / IMRF Rep for the Metro North Territory. If you want to better understand the nature of IMRF and why you are making contributions, this webinar is for you! An IMRF representative will explain how your pension is funded, your benefits as an IMRF member, and the importance of having more than one savings vehicle as you. Board of Trustees Policies. Each June IMRF calculates the percentage of the 13th payment for that year. You may earn up to one year of additional service credit for your unused, unpaid sick time under certain conditions. Nominating petitions will be accepted in the IMRF office in Oak Brook between August 1, 2022, and September 15. Since the plan's inception more than 40 years ago, Prudential has paid over $105 million to NCPERS members and their beneficiaries. Your Contributions. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Death benefits change after retirement; make sure to fill out a new beneficiary form. Our Employer Workshops for Winter 2023 will be offered online in two separate 90-minute-long webinar sessions (Parts 1 and 2) designed for Authorized Agents and other employer representatives. IMRF electronically issues General Memorandum to all IMRF employers. Your total pension at retirement cannot exceed 75% of your final rate of earnings. The contents of this Manual and its Board policies may be changed at any time. Staff members who assist you with day-to-day IMRF issues and processes, such as enrollment, payroll reporting, benefit applications and various member inquiries, are invited to attend. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Name or change the beneficiary of your annuitant death benefit. If you want to better understand the nature of IMRF and why you are making contributions, this webinar is for you! An IMRF representative will explain how your pension is funded, your benefits as an IMRF member, and the importance of having more than one savings vehicle as you. 75% for your ECO pension. Your statement provides your total contributions and service information. New Employer Access Coming this Fall. The contents of this Manual and its Board policies may be changed at any time at the sole. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. You may receive monthly payments (see below for details). Need to Create an Account? The secure session will automatically end after 20 minutes of inactivity. The webinar will be approximately 1 hour. The NCPERS program has been offered to IMRF members since 1989, because it has a unique plan design. Ballots will be mailed to Authorized Agents or governing bodies in October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Transactions are securely and instantly transmitted to IMRF. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. This e-newsletter includes news and links to best inform employers and help them administer IMRF. The more service credit you have, the larger the amount of your pension will be. Contact IMRF. Do you want to manage your IMRF pension online? Register for Member Access, a secure and convenient way to view your account details, update your information, and access forms and resources. Refunds. The contents of this Manual and its Board policies may be changed at any time at the sole. Note: First make sure your address is up to date with IMRF. Enter your username and password to access your IMRF account. This workshop is for IMRF members under 40. The Domestic Equity Benchmark is currently 93% Russell 3000 Index, 7% FTSE Global Core Infrastructure 50/50 Index (Net). The contents of this Manual and its Board policies may be changed at any time at the sole. Please contact us to get Medicare Plan information. M. You earn one month of service credit for each month you: Work in a qualified position and make a member contribution. Form 6. You cannot contribute to a Roth IRA. To view your Member Statement in Member Access, login and click on Member Statements under Quick Links in the right column. Monthly amount in 2015. IMRF disability benefits protect you. The Total Fund Benchmark is a blend of the asset class benchmark returns weighted by the target allocation for each asset class. The contents of this Manual and its Board policies may be changed at any time. Follow these easy step-by-step instructions on creating a Member Access Account and Viewing your 2021 Benefit Statement. Scan your completed form and send it to IMRF by attaching it to a secure message using Member Access. Receiving an IMRF retirement pension. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. IMRF Members support each other and share. The Board Investment Committee assists the Board of Trustees with its duty to invest the asseFinancial Highlights. This e-newsletter includes news and links to best inform employers and help them administer IMRF. A direct payment. Are a separate individual account consisting only of your contributions and any interest you earn on them. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. 67% of your total contributions. Benefits. The new resolution removes the information about how elected officials can obtain prior service with a newly participating IMRF employer. Here's how to reach us. The percentage is based on the total of: Employer contributions (. This resolution changes the requirements for county board. The fastest way to do this is online through Member Access. If you are considering a divorce, IMRF recommends that you carefully review the information linked below with your personal attorney. All June payments to everyone. IMRF Employer Access. The amount will be 24. If you are changing account numbers with your bank but your bank routing number will be the same, you can complete a new direct deposit form or you can call an IMRF Member Services Representative at 1-800-ASK-IMRF (1-800-275-4673), Monday through Friday, 7:30 a. Board of Trustees Policies. Check your member contributions on deposit and total IMRF service credit as of December 31 of the previous year. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Forms for Retirees and Annuitants. Secure Account Access Area. 8%. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. He was Board President in 2016 and Board Vice President in 2022. Complete and send an IMRF Member Information Change form. Tools. Forms for Retirees and Annuitants. The Illinois Municipal Retirement Fund (IMRF) is a member of the National Conference on Public Employee Retirement Systems (NCPERS) Voluntary Life Insurance Plan, issued by the Prudential Insurance Company of America (Prudential). Board of Trustees Policies. Complete the IMRF Transfer to Article 3 Police Pension Fund form. Board Resolution 2020-05-10(a), clarifies the separation of service requirements for IMRF retirees. Transactions are securely and instantly transmitted to IMRF. Most Commonly Used Forms. Voluntary Additional Contributions: Are limited to a maximum of 10% of your IMRF reportable earnings. m. Information from the May 2022 meeting. Forms for Retirees and Annuitants. Board Resolution 2019-05-09(d), changes the certification requirements for members of governing bodies and other elected positions in two ways: 1) Recertification of governing body positions is no longer required every two. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. The main product of IMRF is money payments to members. If you haven’t received your 1099-R by February 15, 2023, please contact a Member Services Representative at 1-800-ASK-IMRF (275-4673). g. , and provide us with the new number. 5% of your salary toward your future IMRF pension: 3. The secure message feature in Member Access also allows you to send documents to IMRF or ask questions securely. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Receive an IMRF disability benefit. Follow the on-screen prompts to submit online payments through First Data. Transactions are securely and instantly transmitted to IMRF. For each month and/or year of service credit a member purchases, the member’s retirement age is enhanced accordingly. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Forms for Retirees and Annuitants. The total amount of your service credit. 00. May 29, 2020 Revised February 11, 2021. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Your Accelerated Payment Invoice must be paid within 90 days to avoid accruing interest. This e-newsletter includes news and links to best inform employers and help them administer IMRF. This e-newsletter includes news and links to best inform employers and help them administer IMRF. This note must include: Your signature. Paper 1099-R Form to be Mailed in the Second Half of January. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. June 30, 2023. 729% of your June benefit payment. Executive Trustee since January 2013. Transactions are securely and instantly transmitted to IMRF. Voluntary Additional ContributionIMRF Board Resolution 2020-05-10(a) Defines Separation of Service Requirements for Retirees. Transactions are securely and instantly transmitted to IMRF. This e-newsletter includes news and links to best inform employers and help them administer IMRF. August 21, 2023. Board Resolutions - Eligibility. The percentage is based on the total of: Employer contributions (. Forms for Retirees and Annuitants. Board Resolutions - Felony Forfeiture. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Employers who are over 120% funded on a market basis may use the overfunding to reduce or satisfy an early retirement incentive liability. You are guaranteed the return of your contributions as either a pension or a refund. 2023 Board President. IMRF Employer Access. Member Account Access > Secure Sign In. WHEREAS, section 1-106 of the Pension Code provides for rollovers of eligible distributions. The Domestic Equity Benchmark is currently 93% Russell 3000 Index, 7% FTSE Global Core Infrastructure 50/50 Index (Net). IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Protect your loved ones by entering your beneficiary information. • One Annuitant Trustee who is elected by IMRF annuitants. Your FRE is your highest average earnings over a certain period of time. Finance Director/Treasurer for the Village of Arlington Heights. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. IMRF provides local public employees & school districts with retirement, disability & death benefits. Member Access. to 4:30 P. Section 1: IMRF Organization and Governance. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Freedom of Information Officer. Below $218,000. Here's how to reach us. Member Access submissions will only be accepted for the account holder. 2% of your FRE (up to the wage cap) for each additional year of service credit over 15 years. IMRF's total revenue in 2022 was $(6. The contents of this Manual and its Board policies may be changed at any time at the sole. The more service credit you have, the larger the amount of your pension will be. TRS allows for an unreduced retirement annuity with the following: Age 55 with 35 years of service. If you have any questions, please call an IMRF Representative at our Employer Only Phone at 1-800-728-7971, 8:00 A. 00 x 1/2 = $12. These changes are retroactive to January 1, 2011. IMRF website Brian Glover / IMRF Rep for the Metro North Territory. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. The IMRF brings together and represents the world’s maritime search and rescue organisations, including voluntary and governmental organisations as well as suppliers to the sector, to improve maritime SAR capabilities worldwide. You will need Form 1099-R when filling out your 2022 tax. Board Resolution 2005-10-05 (a) Establishes that the following adjustments shall be made when a retirement annuity is terminated or reduced pursuant to Section 7-219. To properly complete your QILDRO, you need the following: The court’s judicial district and county. Member Access: Form 5. 01/2020) • The exception for payments made at least annually in. Your QILDRO may apply to all or some of these benefits, depending on what is decided in the divorce. In addition, the Board approved the Investment Committee Charter and Statement of. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. Benefits. In 2023, the 13th Payment will be about 24. The percentage is based on the total of: Employer contributions (. The formula to calculate a Tier 2 Regular Plan pension is: 1-2/3% of your FRE (up to the wage cap) for each of the first 15 years of service credit, plus. Register for a “Your Glass is Half Full” workshop to learn more about your benefits. General Memos. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. The Board Investment Committee assists the Board of Trustees with its duty to invest the asse The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. The formula to calculate a Tier 2 Regular Plan pension is: 1-2/3% of your FRE (up to the wage cap) for each of the first 15 years of service credit, plus. Our Employer Workshops are offered online in two separate 90-minute-long webinar sessions (Parts 1 and 2) designed for Authorized Agents and other employer representatives. Investment Returns Summary. In 2023, the 13th Payment will be about 24. Oak Brook, IL 60523-2337. One-half of the increase in the Consumer Price Index (urban) for the preceding year. You will need Form 1099-R when filling. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Confirm the amount of contributions you made and the service credit you earned for that year, if any.