A digital tool designed for members of the Illinois Municipal Retirement Fund (IMRF) helps individuals estimate their future retirement benefits based on factors such as years of service and salary history. This estimation process allows for better financial planning and informed decision-making regarding retirement.
Access to accurate retirement projections offers significant advantages for IMRF participants. Understanding potential income streams enables individuals to make adjustments to savings strategies and lifestyle choices throughout their careers. Such forward-thinking promotes financial security and reduces uncertainty about retirement. Historically, obtaining these projections often involved contacting the IMRF directly. The availability of an online tool simplifies this process and empowers members to access this crucial information conveniently.