Employer Digest: Reporting over the T2 wage cap; Executive Trustee Election; Board highlights

Illinois Municipal Retirement Fund Employer Digest

September 16, 2013

In This Issue

Continue to report T2 members who have reached the wage cap

Employee Trustee Election this fall

Board Meeting Highlights

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Employer Access Tip:
Continue to report members who have reached the Tier 2 Wage Cap

For 2013, Tier 2 member wages do not include compensation in excess of $109,971.43. When a member reaches the wage cap for the year, you should:

Stop withholding IMRF contributions for him or her
Continue to report earnings only for any wages that exceed the 2013 cap

This ensures that members continue to receive appropriate service credit and that IMRF has complete information for each member in case of future adjustments or changes.

Questions
If you have any questions about implementing the Tier 2 wage cap, call 1-800-ASK-IMRF and ask for the IMRF Wage Reporting Unit.

Executive Trustee Election voting authority

All Authorized Agents, regardless of IMRF participation status, may submit a nominating petition and cast a ballot in an Executive Trustee election, provided they have been given authority by their governing body.

If your governing body would like to grant you authority to participate in IMRF elections, IMRF needs to receive a new notice of appointment form (Form 2.20 for all unit of government types).

Ballots for the 2013 Executive Trustee Election will be mailed in mid-October to employers.

August Board Meeting Highlights

At the August Board meeting, the Board:

Adopted new return-to-work rules based on Public Act 98-0389
Approved the Illinois Economic Opportunity Investment Report

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