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IMRF Update: IMRF Proposes Lowering Assumed Rate of Return

November 21, 2018 | IGFOA updates

IMRF Proposes Lowering Assumed Rate of Return

The IGFOA does not advocate on or for specific outcomes of legislation or other proposals. Accordingly, the IGFOA takes no position on information disseminated, neither encouraging or discouraging action, and leaving the decision on how to proceed with individual members.

At its December 14, 2018 meeting, IMRF will consider a proposal to decrease the assumed rate of return on its investment portfolio. Tom Kuehnue (Finance Director, Village of Arlington Heights) and Sue Stanish (Director of Finance, Naperville Park District) are IGFOA members who also serve as Employer Trustees on the IMRF Board. As such, they are providing the information via the link below to assist IGFOA members who are also IMRF participants with understanding the reasons behind the current proposal for the rate adjustment and why a long-term recommendation is needed.

Document Link - IMRF Board Vote on Assumed Rate of Return

IGFOA members should direct questions on the December 14, 2018 proposal to IMRF. Questions regarding the long-term recommendation should be directed to either Tom Kuehne or Sue Stanish.

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