General Memo 636
2013 Employer Rate Meetings: Beyond Rates and Returns
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.
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.)
Read more in General Memo 636
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