Revised Employer Digest Logo  
April 3, 2015


In This Issue:
Quick Links:

One General Memo 656: 

2016 Preliminary Contribution Rate Notices available

The "Preliminary Contribution Rate Notice for Calendar Year 2016" is available in the Employer Document Archive. The Employer Document Archive may be accessed through IMRF Employer Access.

 

The Preliminary Contribution Rate Notice indicates the 2016 Annual Required Contribution (ARC) rate for an employer's IMRF plans.

 

For further information about the Preliminary Contribution Rate Notice, read the full General Memo 656.   

 

Questions?

If you have questions, please call Audrey Brown-Ryce, Financial Relations Manager, at 630-706-4246 or Corey Lockwood, Employer/Member Data Unit Supervisor at 630-706-4226. You may also contact IMRF through your Employer Access account's Secure Message Center

ThreeRegistration opens for Employer Rate Meetings 

IMRF will present a series of Employer Rate Meetings throughout the state. These meetings, beginning April 20, 2015, will review the impact of year-end financial and actuarial data on IMRF, and the data's estimated impact on individual employers.

 

IMRF encourages you, your chief financial officer, other officials, governing body members, and interested parties from your employer to attend the meeting scheduled in your area (view the full schedule). Advance registration is requested; register online through IMRF Employer Access. If you do not have an Employer Access account, return a completed registration form to IMRF by mail, fax, or email (please allow additional processing time to receive registration confirmation and directions). 

ThreeNew 800 number for IMRF Employers 

IMRF introduces a new 800 number for Employer use only. The exclusive Employer number, 800-728-7971, was created in response to Employer requests and feedback, and went live April 1, 2015.

 

The Employer-only number, 800-728-7971, will provide Employers more immediate access to an IMRF Member Services Representative who specializes in Employer customer service.

 

During the gradual transition to the new number, Employers will continue to observe references to IMRF's general 800 number, 1-800-ASK-IMRF (275-4673), but are encouraged to use the new, Employer-only number when contacting IMRF's Member Services Department: 800-728-7971. 

TwoandahalfIMRF announces 2015 Webinar Programs

IMRF is planning three webinar programs for 2015. The first, scheduled for May 5, 2015, at 1:30 PM, will be the 2015 Employer Rate Meeting webinar. This program will review the impact of year-end financial and actuarial data on IMRF, and the data's estimated impact on individual employers. A question-and-answer session will follow the presentation.

 

Additional webinar programs are planned for summer and fall 2015.

 

Register for the 2015 Employer Rate Meeting webinar here. 

TwoMarch 2015 Employer Reminder:

IMRF funds and Social Security levies

IMRF audits occasionally identify employers that improperly pay Social Security contributions using funds from the IMRF levy. This practice is prohibited by law and can result in serious consequences for the employer.

 

The IMRF tax levy is unlike certain other funds, such as a general fund, where resources may be transferred to meet budgetary needs. The Illinois Pension Code outlaws using funds from an employer's IMRF tax levy for any purpose other than paying the employer's required IMRF costs. This ensures that the employer adequately funds its IMRF pension obligations.

 

Read more in the March 2015 Employer Reminder. Please share this Reminder with the person who oversees your employer's IMRF tax levy.

 

IMRF
2211 York Road, Suite 500
Oak Brook, IL 60523-2337
Phone: 1-800-ASK-IMRF (275-4673)

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