The Illinois Municipal Retirement Fund's (IMRF) mission is to efficiently and impartially develop, implement, and administer programs that provide income protection to members and their beneficiaries on behalf of participating employers in a prudent manner. IMRF was created in 1939 by the Illinois General Assembly and began operating in 1941 with 5 original employers and $5,000 in assets. Since 1941, IMRF has provided employees of local governments and school districts in Illinois with a sound and efficient system for the payment of retirement, disability, and death benefits. Today IMRF serves almost 3,000 employers and has approximately $41 billion in assets while it works towards is goal of being 100% funded.