Friday, June 11, 2021
Welcome to Employer Digest, your monthly source for IMRF news and
information to help you stay connected with IMRF.
2020 Annual Comprehensive Financial Report 
IMRF's 2020 Annual Comprehensive Financial Report (ACFR), Popular Annual Financial Report (PAFR), and associated documents are available on IMRF's website.

View these documents on the Annual Financial Reports page.

Additional documents available 
The following documents are located in the Display Annual Documents section of Employer Access:

  • 2020 Schedule of Changes in Fiduciary Net Position by Employer
  • 2020 Reconciliation Adjustments Schedule
  • 2020 IMRF Census Data Attestation Report

Questions?
If you have any questions about IMRF's annual reports, send IMRF a secure message or contact us at 1-800-728-7971.
Action Needed: Wage Report Survey
IMRF is modernizing the technologies and processes it uses to administer the pension system. The replacement of IMRF's Employer Access website is a major component of this broader multi-year modernization effort which is scheduled for release in the second half of 2022.

Watch for a survey coming to your inbox on Tuesday, June 15. The message will come from Customer Service Director Dawn Seputis from a Survey Monkey email address. The survey will be sent to any IMRF Authorized Agent, Security Administrator, or Web Assistant registered with IMRF. Only one response from your organization is necessary.

Topic of survey
During 2019, your employer provided information related to your IMRF wage-reporting practices. The new survey will ask you to verify the accuracy of the data previously provided, or make any necessary updates. Having accurate data from your employer is critical to IMRF's ability to successfully rollout our new Employer Access website in 2022, and prepare you to use the system in advance.

Survey due
Please take a few minutes to complete the survey by Tuesday, June 29. Thank you!
Employer Rate Webinar Recording Available
IMRF's 2021 Employer Rate Webinar, recorded Thursday, May 20, is now available on IMRF's website. During the webinar, Executive Director Brian Collins and Chief Financial Officer Mark Nannini shared:

  • The impact of year-end financial and actuarial data on IMRF
  • The data's estimated impact on individual employers

Webinar page includes video, slides, and questions/answers

  • A link to view the webinar program in its entirety
  • A link to download the presentation's slides
  • Answers to questions not addressed during the live webinars

Share the webinar with others 
We encourage you to share the webinar with your employer's financial officers, governing body members, and other interested parties.
May 2021 Board Meeting Highlights
On Friday, May 28, 2021, the IMRF Board of Trustees:

  • Received an update on IMRF's 2020 actuarial valuation
  • Approved plans for the 2021 Executive Trustee election
  • Passed Board Resolutions relating to surviving spouse repayment, social security disability offset, prepayment recovery, benefit payment procedure, inactive member contributions, death benefits during retirement process, and a rescinding resolution.
  • Approved an intergovernmental agreement with Collinsville Area Recreation District
  • Learned about activities undertaken during the first quarter in support of the 2020-2022 Strategic Plan

For more information
You can read the full report in the May 2021 Board Meeting Highlights.

The next meeting of the full IMRF Board of Trustees will be held Friday, August 27. You can view the 2021 Board of Trustees meeting calendar here.
2021 13th Payment Scheduled for July 8 
Each July, IMRF retirees receive a supplemental benefit payment, commonly known as the "13th Payment." The 13th Payment is paid entirely by employer contributions. Each employer contributes 0.62% of its IMRF member payroll to pay for this benefit.

Amount of the 2021 13th payment 
This year, eligible retirees will receive their 13th Payment on July 8, 2021. The amount will be 24.73% of their June benefit payment.

For more information 
You can learn more about the 13th Payment on IMRF's website.
Visit IMRF's website
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