IMRF is a recipient of the 2015 Government Finance Officers Association's (GFOA) "Distinguished Budget Presentation Award." The award is designed to assess how well IMRF's budget document serves as a policy document, a financial plan, an operations guide, and a communications vehicle. This is IMRF's first time receiving the award.

The GFOA's Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting. Award recipients include those organizations that have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America. 

Registration continues for the IMRF webinar "What Small Employers (and their Boards) Need To Know About IMRF," taking place Tuesday, August 18.

Presented by Louis Kosiba, Executive Director, and Mark Nannini, Chief Financial Officer, "What Small Employers (and their Boards) Need To Know About IMRF" will explain why employer contribution rates for small employers are volatile, provide practical insights, and help employers avoid traps for the unwary. A question-and-answer session will follow the presentation.

IMRF's Early Retirement Incentive (ERI) is an employer option that allows eligible members to purchase up to five years of service credit at retirement. The ERI is a tool eligible IMRF employers can use to save fringe benefits and payroll costs by providing an incentive for long-term members to retire.

However, employers are limited to offering ERI programs once every five years. If an employer submits a resolution adopting an ERI program before a five-year window has elapsed, IMRF will not implement the program.

Employers may download a copy of the "IMRF Early Retirement Incentive - Employer Information" booklet for detailed information about this requirement.