Illinois Municipal Retirement Fund Employer Digest
August 15, 2013
In This Issue
Executive Trustee Election
New Document Upload feature in Employer Access
PA 98-0218 signed
Upcoming website surveys
Board Meeting Highlights
Quick Links
Interested in running for the IMRF Board of Trustees?
Petitions now being accepted for
Executive Trustee Election this fall

  

This fall, employers will elect one Executive Trustee. A nominee for Executive Trustee must be a chief executive officer, chief finance officer, or other officer, executive, or department head for an IMRF employer. Petitions will be accepted through September 16, 2013.

 

Think you might be interested? Read the Board Candidate Packet, or see more information on nominating procedures and qualifications. 

 
New! Upload member documents
through Employer Access  

Now you can upload certain member documents directly to IMRF through the "Change Member Information" Toolbox. Document Upload gets your documents to IMRF more quickly than fax or mail. 

Uploading is easy: choose the type of document from a drop-down list, then simply browse for and select the file. Documents IMRF will accept include: 
  • Disability support information, including member and physician forms and light duty/trial work information 
  • Election to make Voluntary Additional Contributions
  • Various other forms and documents
A complete list of documents is available in Employer Access.  
General Memo 641
HB 1444 signed into law as
Public Act 98-0218
 

On August 9, 2013, the governor signed House Bill 1444 into Public Act 98-0218, effective immediately. This bill makes the following changes to the IMRF article of the Illinois Pension Code:

  • Allows members to apply for a refund of their Voluntary Additional Contributions before they stop working for their IMRF employer or before they apply for their IMRF pension only to the extent permitted by the Internal Revenue Code.
     
  • Changes the amortization period of an employer's unfunded liability to align it with the new GASB requirements.
     
  • No longer requires the Township Supervisor to be the IMRF Authorized Agent for townships.
     
  • Removes the requirement that the IMRF Board of Trustees meet monthly.
Read more in General Memo 641 
IMRF to conduct website needs survey later this month
 
You, as well as your members and retirees who have Member Access accounts, will receive a brief online survey at the end of this month. Email messages with a link to the survey will be distributed to more than 60,000 individuals beginning August 23. The survey can be completed in less than 10 minutes.

Input from our members and employers will be invaluable in our effort to develop an updated website which is slated for launch in 2014.

If any of your members or retirees receive an email from IMRF with a link to the survey, we ask that you encourage them to complete the survey as soon as possible.

If you have any questions, please call an IMRF Member Services Representative at 1-800-ASK-IMRF (1-800- 275-4673) or send us a secure message.   
Board Meeting Highlights

At the July 2013 Board meeting, the Board:
  • Heard a Strategic Plan update from the Executive Director  
  • Praised the investment management fee reductions negotiated by the Investment Department 

Read more in the July Board Meeting Highlights 
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