Public Act 98-0218
Voluntary Additional Contribution changes
IMRF members can contribute an additional 10% of their earnings (Tier 2 members can contribute 10% of their earnings up to the wage cap) to IMRF's Voluntary Additional Contribution program. Voluntary Additional Contributions are after tax-they are not tax-deferred like usual IMRF member contributions. However, the interest a member earns on his or her Voluntary Additional Contributions is tax-deferred. Recent legislation, P.A. 98-0218, requires IMRF to meet Internal Revenue Code requirements regarding Voluntary Additional Contribution refunds. The Internal Revenue Code does not allow refunds of the interest earned on Voluntary Additional Contributions while the member is still employed by his or her IMRF employer. As a result, the rules regarding Voluntary Additional Contribution refunds will change effective February 1, 2014. Read more...
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Special Memorandum 329
Field Representative Jean Parson retiring, New Field Representative Christine Fine IMRF Field Representative Jean Parson has announced her retirement effective October 31, 2013. Jean joined IMRF in February 2000 from the City of Carlyle in Carlyle, Illinois, where she worked for 26 years. New Field Representative for Southern RegionWe are pleased to announce Christine Fine as the new Field Representative for the Southern region.
Christine has a Bachelor's degree in Finance and more than 20 years of business experience. Christine has served as Business Manager and Authorized Agent for more than six years for the Shawnee Library System, and as Finance/Circulation Manager for two years for the Carbondale Public Library.
Effective immediately, employers in the Southern Region may contact Christine at: Christine Fine
P.O. Box 16
Carterville, IL 62918
618-985-5314
FAX 618-985-5325
Please join us as we wish Jean well in her retirement and as we welcome Christine to her new position.
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Questions about the Affordable Care Act?
Endorsed Health plan consultant, Doyle Rowe LTD, has insurance specialists to help IMRF retirees and members planning for retirement review their health plan options, including new possibilities offered under the Affordable Care Act.
Contact Doyle Rowe LTD online by visiting www.doylerowe.com or by calling 1-800-564-7227. |