Friday, November 9, 2018
Welcome to Employer Digest, your monthly source for IMRF news and information to help you stay connected with IMRF.
Executive Trustee Election Ballots Due December 11
This fall, IMRF employers will elect one Executive Trustee to the Board of Trustees for a five-year term that will run from January 1, 2019, through December 31, 2023. Two candidates are running for the open seat:

  • Sue Stanish, Director of Finance, Naperville Park District
  • Brad Trent, Deputy Highway Commissioner, Rockford Township

Election ballots and candidate biographies for the 2018 Executive Trustee election were mailed to Authorized Agents or governing bodies (as appropriate) on Wednesday, October 10, 2018. All ballots must be received by IMRF's Oak Brook or Springfield office by 4:30 PM CST on Tuesday, December 11, 2018. The new Executive Trustee will be announced in mid-December.
2019 Final Rate Notices
Your employer's 2019 Final Rate Notice will be available in Employer Access following the IMRF Board of Trustees meeting on Friday, November 16. You will be able to access the document from the "Display Annual Documents" link under the "Documents" section of your Employer Access account.

The Final Rate Notice provides your employer's 2019 Annual Contribution Rate for each of its IMRF plans. If you have questions about your employer's rate notice, contact IMRF at 1-800-728-7971.
Tier 2 Wage Cap Increase for 2019
The Tier 2 member wage cap for 2019 is $114,951.83. Employers must report member earnings over $114,951.83, but should not withhold any IMRF contributions for wages above this cap.

The wage cap period is based on the calendar year, regardless of your employer's fiscal year. If a member reaches the 2019 wage cap, the employer must:

  1. Stop withholding member contributions from the member's paycheck.
  2. Keep reporting the member's wages to IMRF.

It is important for employers to keep reporting a member's wages to IMRF, even in excess of the Tier 2 wage cap, so that the member continues to earn service credit.

As a reminder, the 2018 Tier 2 wage cap is $113,644.91. Please be mindful of this wage cap during November and December payroll to ensure your employer follows the required steps for withholding member contributions and reporting wages above this amount.

Please contact IMRF at 1-800-728-7971 if you have any questions about the Tier 2 wage cap or need to discuss any complex circumstances.
Visit IMRF's website
Employer Access
Employer Digest Archive
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. To update your Employer Contact information, log in to your Employer Access account.

If someone at your employer would like to receive Employer Digest and does not have an Employer Access account, you can log in to your Employer Access account and add them as a "News Subscriber," or they may sign up here .
2211 N. York Rd., Ste. 500, Oak Brook, IL 60523-2337 (Main Office)
3000 Professional Dr., Ste. 101, Springfield, IL 62703
Member-only Phone: 1-800-ASK-IMRF (275-4673)
Employer-only Phone: 1-800-728-7971