Employer Digest 75th Anniv Header  
February 29, 2016


In This Issue:
Quick Links:
OneIMRF's 2016 Webinar Series Begins
IMRF has planned a series of webinar programs for 2016. The first, taking place March 29, 2016, at 1:30 PM, will address Pension Spiking and the Accelerated Payment.
 
Presented by Louis W. Kosiba, Executive Director, and Mark Nannini, Chief Financial Officer, this webinar will define pension spiking, explain the consequences of pension spiking, and detail IMRF's efforts to discourage the practice. A question-and-answer session will follow the presentation.
 
All Authorized Agents, financial officers, finance professionals, governing body members, interested parties, and other officials are invited to register for IMRF's Pension Spiking and the Accelerated Payment webinar.
TwoSpecial Report:
Your 403(b) and 457 Plans: Time for a review?
In a February 25 special edition of Employer Digest, IMRF shared its experiences and findings from a comprehensive review of its 457 plan providers. The review revealed that IMRF could realize significant savings for employees by consolidating the 457 plan from three providers to one.
 
The article is now available for reference on a dedicated page of IMRF's website. Employers are encouraged to undertake their own review of their 403(b) and 457 plan offerings using IMRF's experience, as outlined in the article, as a guide.
TwoandahalfFebruary 2016 Employer Reminder:
The definition of IMRF earnings
An employee's wages are generally reported to IMRF when paid, not earned. For IMRF earnings purposes, compensation falls under one basic rule: most forms of compensation paid - from the start of a member's
employment through the first calendar month after the end of employment - are included as IMRF earnings.
 
Employers may learn more about the definition of earnings, 2016 earnings limits, and unique compensation considerations in the February 2016 Employer Reminder.
IMRF  View our profile on LinkedInFollow us on TwitterLike us on Facebook
2211 York Road, Suite 500
Oak Brook, IL 60523-2337
Member-only Phone: 1-800-ASK-IMRF (275-4673)            
Employer-only Phone: 1-800-728-7971 
 
This email is sent from an unmonitored mailbox. Please do not reply to this message.