Welcome to Employer Digest, your monthly source for IMRF news and
information to help you stay connected with IMRF.
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Four Trustees Elected to the IMRF Board |
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This fall, IMRF conducted elections for one Executive Trustee, one Annuitant Trustee, and two Employee Trustees. The IMRF Board of Trustees certified the election results at their meeting on December 18, 2020.
Each of the four elected Trustees will serve a 5-year term, January 1, 2021 - December 31, 2025.
Executive Trustee: Gwen Henry has been re-elected Executive Trustee. She has served on the IMRF Board since 2009 and is the DuPage County Treasurer.
Annuitant Trustee: Louis W. Kosiba has been elected Annuitant Trustee. He was formerly Executive Director for the Illinois Municipal Retirement Fund (IMRF).
Employee Trustees:
2021 Board Officers
Also at the December meeting, the IMRF Board of Trustees elected the following new Board officers for 2021:
- President - Gwen Henry
- Vice President - Natalie Copper
- Secretary - Sue Stanish
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December Board Meeting Highlights |
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On Friday, December 18, 2020, the IMRF Board of Trustees:
- Certified the election results for one Executive Trustee, one Annuitant Trustee, and two Employee Trustees. The Board also appointed new officers. See the election article above for more details.
- Made a number of adjustments to certain actuarial assumptions used to calculate IMRF's long-term pension liabilities. The Board discussed the possibility of changing IMRF's investment return assumption, but ultimately made no adjustment.
- Adjusted the target strategic asset allocation.
For more information
Register for the next online Board meeting
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Reminder: Changes in Return to Work and Separation of Service Rules |
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Return to work rules
As previously stated, effective January 1, 2021, employers should not immediately enroll retirees upon reemployment, even if they are employed in an IMRF qualifying position that is expected to meet the hourly standard. Instead, employers should only enroll retirees once they have actually worked the applicable hourly standard (600 or 1000 hours). Retiree hours are counted beginning on the date of their reemployment and will reset on the anniversary of their employment date every year after.
Suspension of a retiree's pension
If a retiree meets or exceeds the hourly standard in any 12-month period beginning with the retiree’s employment date, the retiree must either:
- Be enrolled in IMRF, and IMRF will suspend their pension payments or
- Stop working for their IMRF employer for the rest of the 12-month period
For more information on returning to work
Separation of service rules
These new rules will apply to members with termination dates on or after January 1, 2021:
- To be eligible to start an IMRF pension, at the time of retirement a retiree cannot be working in any capacity for any IMRF employer.
- Before retirement and within 60 days after, no pre-arrangement (even an informal one) can be made between a retiring member and an IMRF employer that the member will return to work.
- A new retiree cannot work for any IMRF employer for at least 60 days.
Consequences of not separating from service
IMRF will immediately suspend the pension of any IMRF retiree who performs any type or amount of work for any IMRF employer within 60 days of their pension start date, or who prearranges returning to employment with an IMRF employer after retirement. Retirees who violate this policy must pay back all pension payments that they have received, because they did not truly separate from service.
For more information on separation of service
For detailed information about Separation of Service Rules, read General Memo 686 or read the full resolution here. |
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Please Complete Employer Survey |
To ensure that IMRF practices its mission to provide the highest quality retirement services to you and your members, we conduct periodic surveys to gather your feedback. Your input is important to us, as it helps us learn what we are doing well and identify opportunities for improvement.
Topic of survey
Earlier this week, Authorized Agents and Web Assistants received IMRF's 2020 Quarterly Employer Survey. The survey centers on webinar topics that you would like IMRF to run, and should take less than five minutes to complete.
Survey due
Please take a few minutes to complete the survey by Friday, January 15th.
Thank you for helping us improve the services we provide you through your ongoing participation in our quarterly employer surveys.
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Authorized Agent Webinars |
We offer these online workshops for Authorized Agents to learn more about IMRF procedures and how to administer IMRF. Register today!
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Module I: Introduction, Enrollment, and Termination – January 28, 2021 at 11:00 AM
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Module II: Wage Reporting – February 18, 2021 at 9:00 AM
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Module III: IMRF Benefits – March 23, 2021 at 11:00 AM
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Module IV: Employer Rates and Legislation – April 20, 2021 at 9:00 AM
Workshop structure
This workshop is a 4-part series to prepare IMRF Authorized Agents. This single registration will allow you to attend the remaining modules. You are unable to cancel registration from any single module, but attendance is not mandatory at all four.
Together, these four 1-hour webinars cover the topics included in the former one-day workshop.
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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
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