Illinois Municipal Retirement Fund Employer Digest
August 30, 2013
In This Issue
Run for the IMRF Board
Changes in return-to-work rules
Police chief transfer costs
IMRF and supplemental savings plans
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.

General Memo 642  
Public Act 98-0389:
Changes in return-to-work rules 

On August 16, 2013, the governor signed House Bill 1351 into law as Public Act 98-0389, effective immediately. 

 

This legislation changes the return-to-work rules for retirees* to require re-enrollment when the actual hours worked exceed 599 or 999 hours, even if the position is not "normally expected" to exceed the hourly standard.     

    

Retiree return-to-work rules under the new law:

  • A retiree returns to work for an IMRF employer in a position that does not qualify for IMRF participation
  • The retiree's actual work hours exceed 599 or 999 hours (based on the employer's hourly standard) in a 12-month period, regardless of the position's expected hourly standard    
    • The employer must re-enroll the retiree in IMRF
    • IMRF must suspend the retiree's pension 
  • In most cases, the retiree's 12-month return-to-work period is reset on the anniversary of the retiree's most recent employment date.
View General Memo 642

*This law applies only to retirees returning to work. You would enroll all other employees in IMRF if their position is expected to meet or exceed your hourly standard.
General Memo 643   
Public Act 98-0439:
Police chief transfer costs  

On August 16, 2013, the governor signed House Bill 2656 into law as Public Act 98-0439.

 

This legislation requires police chiefs to pay the full actuarial cost of the transfer to SLEP from a downstate police pension fund.

 
Vew General Memo 643

Reminder:
IMRF and supplemental savings plans  

  

While wages paid to IMRF members make up the vast majority of earnings reported to IMRF, there are other forms of compensation which may or may not be reported to IMRF as earnings.

Recent employer audits uncovered confusion on this topic, especially whether you should report contributions to supplemental pension and retirement plans as IMRF earnings, including 401(a), 403(b), 457, 401(k), and Section 125 Cafeteria Plans.

Find out which of these should be reported to IMRF in an easy-to-read chart in the August 2013 Reminder.

 
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