The Illinois Municipal Retirement Fund (or IMRF) is a pension fund created in 1939 by the Illinois General Assembly for municipal employees in the U.S. state of Illinois. IMRF began operating in 1941 with 5 original employers and $5,000 in assets. Presently, IMRF serves approximately 2,900 employers (Illinois units of government) and has more than $19 billion in assets.
Since 1941, IMRF has provided employees of local governments and school districts in Illinois (with the exception of the City of Chicago and Cook County, Illinois) with a sound and efficient system for the payment of retirement, disability, and death benefits.
At the end of 2010, IMRF had $25 billion in assets and was 86.3% funded on a market basis. It administers benefits for approximately 176,000 actively participating local government workers and provides monthly retirement benefits to approximately 97,000 retired local government workers.
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—Lydia Hoyt Farmer (1842–1903)
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—Alfred E. Smith (1873–1944)
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—Henry David Thoreau (1817–1862)
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—Daniel Goleman (20th century)