Friday, April 10, 2020
Welcome to Employer Digest, your monthly source for IMRF news and
information to help you stay connected with IMRF.
COVID-19 Coronavirus News

As the number of COVID-19 cases in Illinois continues to increase, the State of Illinois has issued a stay-at-home order. This order is currently in effect through at least April 30, 2020, and IMRF's offices are closed during this period.
 
IMRF is committed to providing you essential services during this challenging time, and we will continue to operate in a limited capacity while our offices are closed.
 
Our Call Center is Closed
You will not be able to contact IMRF by phone. The best way to contact us is through Employer Access. You can also email us or fax us at 630-706-4289.
 
Mail Processing is Limited
During this period, we will not have the ability to regularly send mail and process mail received. If you mail us any documents during this period, you will experience major delays. We strongly recommend that you use your Employer Access account to manage your IMRF processes.

Through Employer Access, you can continue with your normal monthly processes:
  • Continue to report actual wages paid and contributions collected. There is no COVID-19-related legislation that alters this practice. 
  • Enroll or terminate members
  • Submit documents electronically
COVID-19 and Benefit Protection Leave (BPL)
As we continue to adjust our business practices for the COVID-19 pandemic, employers should know about IMRF's Benefit Protection Leave. See the BPL Frequently Asked Questions   on the IMRF web site.
 
Also see the other FAQs on related COVID-19 topics , such as wage reporting.

IMRF's Portfolio remains Substantial and Diversified
Although IMRF's portfolio has fallen along with the rest of the global economy, we have sufficient resources to fund benefit payments. Our diversified investment approach along with our 100% Funding philosophy has created a sound financial portfolio, which stood at almost $42 billion at the end of February.
 
We are in this Together
We appreciate your support and flexibility. The high-quality service that we take pride in providing will be affected by this office closure. Although you will experience slower responses and other inconveniences, IMRF is taking steps to make sure we give you the best service we can during this time. Thank you for your understanding.
Register for Employer Rate Meeting Webinars
In light of the developing COVID-19 coronavirus pandemic, IMRF will not host in-person Employer Rate Meetings this year. Instead, we will expand our webinar program to include sessions in April and May. 

The three webinar dates are:
Click on your preferred date to register for the webinar. 

The Rate Meeting webinars will review the impact of year-end financial and actuarial data on IMRF, and the data's estimated impact on individual employers. 
GASB 68 Statements Now Available
Your employer's 2019 GASB 68 Statement and Census Data is now available in the "Display Annual Documents" section of  Employer Access . Please share this information with your unit of government's chief financial officer/business manager.

Separate Statements for Each Plan
If your employer offers more than one IMRF plan, you will have a separate GASB 68 statement for each plan. Log in to Employer Access to view these documents.

Additional Documents Available
Both the SOC-1 Type 2 Report and your employer's 2021 Preliminary Contribution Rate Notice are also available in the "Display Annual Documents" section of Employer Access.
Visit IMRF's website
 
Employer Access
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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