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When can you collect IMRF pension?

Most IMRF members participate in IMRF's Regular plan. A Regular Tier 1 member needs at least eight years to vest (be eligible) to receive an IMRF Regular plan pension. The earliest age a Regular Tier 1 member can receive a pension is age 55 (reduced) and age 60 (full pension).

Can I lose my IMRF pension?

IMRF will immediately suspend your pension if you perform any type or amount of work for any IMRF employer within 60 days of your pension start date, or if you prearrange returning to employment with an IMRF employer after retirement.

How do I access IMRF?

Member Access Click \u201cMember Login\u201d in the green box at the top right of www.imrf.org. Click the yellow "Register for a Member Access Account" button. If you have your registration key, click "yes" and enter it. If you don't have a registration key, click "no" and follow the instructions. ... Now you have access!

How much is in my IMRF?

Members in the Regular IMRF plan earn 1.667% of their final rate of earnings for every year of service through the first 15 years and 2% for each year after that. Our sample member has earned a pension equal to 8.34% (1.667% times 5 years) of her final rate of earnings.

Can I lose my IMRF pension?

IMRF will immediately suspend your pension if you perform any type or amount of work for any IMRF employer within 60 days of your pension start date, or if you prearrange returning to employment with an IMRF employer after retirement.

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How much will I get from my IMRF pension?

The formula to calculate a Tier I Regular Plan pension is: 1-2/3% of your FRE for each of the first 15 years of service credit, plus. 2% of your FRE for each additional year of service credit over 15 years.

Who gets IMRF?

To be eligible, the spouse must have been married or in a civil union with the deceased for at least one year prior to the date the deceased terminated IMRF participation. If the retired member had an eligible spouse at retirement, but that spouse dies, a future spouse could be eligible for a surviving spouse pension.

How many hours do you have to work to get IMRF?

A person employed in a position normally requiring performance of duty for 600 hours or more in the next 12 months following the employee's date of hire must participate in IMRF. It is the expected annual hourly requirements that determine participation; actual hours worked may be more or less than the hours expected.

Can I lose my IMRF pension?

IMRF will immediately suspend your pension if you perform any type or amount of work for any IMRF employer within 60 days of your pension start date, or if you prearrange returning to employment with an IMRF employer after retirement.

When can you collect IMRF pension?

Most IMRF members participate in IMRF's Regular plan. A Regular Tier 1 member needs at least eight years to vest (be eligible) to receive an IMRF Regular plan pension. The earliest age a Regular Tier 1 member can receive a pension is age 55 (reduced) and age 60 (full pension).

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