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October 1st, 2012
Convenience Fund Rate Guarantee Extended through June 30, 2013
The IMET Board of Trustees is pleased to announce that it has extended its guaranteed rate of return offered on the IMET Convenience Fund (CVF). The rate guarantee is equal to the fed funds target rate and is guaranteed to participants through June 30, 2013. The current fed funds target rate is 0.25%.
The Convenience Fund is a fully collateralized short-term money makret fund available exclusively to IMET participants. The CVF is collateralized via US Government securities at 110% on bank deposits, FDIC Insurance and US government Securities in the repurchase agreement program. Transfers into the Convenience Fund may be made by calling the Operations Desk at 888-288-IMET(4638). New purchases into the CVF may also be made by calling the Operations Desk and following the wire instructions that were mailed to IMET participants.
September 7th, 2012
Illinois Metropolitan Investment Fund (IMET) Public Disclosure of Total Compensation
Illinois Metropolitan Investment Fund (IMET)
Public Disclosure of Total Compensation
Section 7.3 (a) Compensation Reporting Requirement - Illinois Public Act 97-0609
As required under Section 7.3 (a) of the Open Meeting Act for IMRF employers, IMET has posted information for each employee having a total compensation package that exceeds $75,000 per year at its principal office at 1220 Oak Brook Road, Oak Brook IL 60523. This information may be accessed by contacting IMET at (630) 571-0480 ext. 229 to view this posted information.
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