Illinois Municipal Retirement Fund Employer Digest
July 31, 2013
In This Issue
Changing a member address
Evaluate positions yearly for participation
2014 Phase-in rate selection
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Employer Access Tip: 
Changing a member address

When one of your IMRF members submits a change of address to you, don't forget about IMRF!

You can either advise members to submit a change of address to IMRF through their Member Access account, or you can submit the address change for them in Employer Access.

From the main menu, select "Change Member Information" under "Members." You'll be prompted to select from a list of your employer's IMRF members. Please note you can only change information for your current employees who are participating in IMRF.

Reminder: Evaluate positions yearly for participation 

  

As Authorized Agent, it is your job to annually determine whether your colleagues qualify for IMRF participation. This is a very significant responsibility that should never be neglected.

Each year you should review ALL the positions at your employer for IMRF participation--whether they are currently enrolled or not.

Why? Because work responsibilities aren't static; they change over time. And these changes often affect whether positions qualify for IMRF.

Each year you should determine whether the positions at your employer:
  • Continue to meet/exceed your hourly standard for IMRF participation
  • Require fewer hours and no longer meet your hourly standard for IMRF participation
  • Require more hours and now meet your hourly standard for IMRF participation
Expected vs. Actual Hours
To qualify for IMRF participation, the position must require at least 600 or 1,000 hours over the next 12 months, depending on your employer's hourly standard. Measure the hours you expect the position to require against your hourly standard. The actual hours worked may be more or less.
  • Pay special attention to part-time, temporary, and seasonal employees. Their responsibilities can change rapidly.
  • Watch also for those who work more than one position for your employer. Their hours are combined when determining IMRF participation.
  • School district employers should especially consider employees who assume additional duties following a Reduction in Force.

Read more about what to do if you find a position that requires reclassification in the July 2013 Reminder.

 
Don't forget to inform IMRF of your chosen 2014 employer rate 

In April 2013, IMRF provided all employers with a preliminary rate notice via the Employer Access Document archive. Some of you were given a choice at that time between the ARC rate and an optional phase-in rate.

If your employer was presented with this option, you have until August 30, 2013, to select the 2014 ARC contribution rate. If we do not hear from you before this date, we will assume your employer has chosen the optional phase-in rate. Please note that this is the final year of the phase-in rates.

If your preliminary rate notice did not include this option, no action is needed on your part.
You are receiving this email because you have been identified as an Employer Contact of the Illinois Municipal Retirement Fund. As such, you cannot opt-out of receiving this email. If you wish to update your Employer Contact information, log in to your IMRF Employer Access account.

If someone at your employer would like to receive Employer Digest and does not have an Employer Access account, they can sign up here.

Please do not reply to this e-mail as responses are sent to an unmonitored mailbox. Communicate with IMRF on our website.