Finance

Prevailing Wage: Note: Public Act 100-1177, which amended the Illinois Prevailing Wage Act (Act), went into effect on June 1, 2019. The Act governs the wages of all laborers, workers and mechanics who perform work on public works projects by any public body, which includes municipalities. Among other changes, municipalities are no longer required to pass an ordinance or resolution establishing prevailing rates of wages.

In 2019, the Illinois General Assembly passed Public Act 101-0504. The law requires IMRF to post certain employer cost and participation information on its website. IMRF will update these reports annually.

Employer Contribution Amounts: The amount of employer contributions each employer made from 1/1/1995 to present (searchable spreadsheet)
Employer Contribution Rates: Each employer's contribution rates for the current year and one year after (searchable spreadsheet)
Participating Employers: A list of all employers and the date each employer joined IMRF (searchable spreadsheet)
Employer Resolutions: Required participation resolutions for employers that joined on or after 1/1/1995 (searchable PDF)

The Illinois Pension Code requires IMRF employers that have a website to include a link to this web page, no later than January 1, 2021. IMRF LINK

Annual Financial Report for the Year Ending April 30, 2023

Presented at the July 16, 2024 Board Meeting.

Annual Financial Report for the Year Ending April 30, 2022

Presented at the November 1, 2022 Board Meeting.