Return GASB 68 questionnaire by 8/22
*Forward this message to your Business Manager or Finance Officer*
To make sure your employer complies with Governmental Accounting Standards Board (GASB) Statement No. 68, you must complete this questionnaire and return it to IMRF by August 22, 2014.
If you do not complete the questionnaire, your employer-specific GASB 68 information may not be available for you to complete your future financial statements.
All IMRF employers who report according to Generally Accepted Accounting Principles (GAAP) will need GASB 68 information. If you are unsure whether you prepare GAAP financial statements (accrual basis), consult your auditor.
IMRF will still be providing GASB 50 information to all employers.
Please read the questionnaire for additional details. If you have any questions, contact IMRF Comptroller Jim Splitt at [email protected] or 630-706-4260.
Employer Reminder: Weigh options if leaving IMRF employment
Some members who leave IMRF employment before retirement look to their IMRF Authorized Agent for help deciding what to do with their member contributions.
As an Authorized Agent, you should not automatically encourage those leaving IMRF employment to take a refund of their member contributions.
Instead, help your colleagues by educating them about their options so they make the best choice.
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 in Employer Access, select "Change Member Information" under "Members." You will 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.