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 No increase for 2016 Tier 2 wage cap
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For 2016, Tier 2 member wages do not include compensation in excess of $111,571.63. This reflects no increase from the 2015 Tier 2 wage cap.
Employers will continue to report earnings over $111,571.63, but will not withhold any IMRF contributions for wages above the cap. IMRF will not accept contributions for 2016 wages over $111,571.63 for Tier 2 members.
The wage cap period is based on the calendar year, regardless of your employer's fiscal year. If an employer has Tier 2 members who've reached the wage cap in 2015, the employer must resume withholding and reporting IMRF member contributions for those members beginning in January 2016.
For questions about implementing the Tier 2 wage cap, contact IMRF using the Employer-only phone, 1-800-728-7971.
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Remember: Employer Survey Needs Your Response
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On Tuesday, November 3, employers received an email asking Authorized Agents and administrators to complete IMRF's 2015 Employer Satisfaction Survey.
IMRF will send a reminder to those who have not yet completed the survey on November 16. Authorized Agents and administrators are encouraged to respond and return the survey.
Participation in this survey will help IMRF continue to provide the highest quality retirement services to our employers and our members. The Employer-only phone, 1-800-728-7971, is one example of IMRF's service-oriented response to survey feedback.
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Access Important Information in Document Archive
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Employers may retrieve important documents any time through IMRF's secure Employer Access Document Archive. Some information available for review in Document Archive include:
- Preliminary and Final Rate Notices
- Reserve Statements
- Employer copies of Member Statements
- GASB Statements
- Charge and Credit Advices
- Various correspondence
To enter Document Archive, log in to your IMRF Employer Access account then click the "Display IMRF Document Archive" link.
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You are receiving this email because you have been identified as an Employer Contact of IMRF. As such, you cannot opt out of receiving this email. If you wish to update your Employer Contact information, log in to your IMRF Employer Access account.
If someone at your employer would like to receive Employer Digest and does not have an IMRF Employer Access account, you can log in to your IMRF Employer Access account and add them as a "News Subscriber" or they may sign-up here.
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