Welcome to Employer Digest, your monthly source for IMRF news and
information to help you stay connected with IMRF.
|
|
David Miller to Return as Executive Trustee |
Current IMRF Trustee David Miller is unopposed in seeking a new five-year term of office. Miller's new term will begin January 1, 2022, and run through December 31, 2026.
Miller has served on the Board since 2015 and was Board President in 2020. He currently chairs the Investment Committee and serves on the Benefit Review Committee. He is the Executive Director of the North Shore Water Reclamation District, the second-largest wastewater treatment operation in Illinois.
“I’m honored to return for a second term as an Executive Trustee,” Miller said. “I look forward to continuing to support the organization in accomplishing its vision of providing the highest quality retirement services to our members and employers.”
|
|
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 2021 Quarterly Employer Survey. The survey centers on this newsletter, Employer Digest, and should take less than five minutes to complete.
Survey due
Please take a few minutes to complete the survey by Friday, October 15th.
Thank you for helping us improve the services we provide you through your ongoing participation in our quarterly employer surveys.
|
|
Why does IMRF Perform Compliance Reviews? |
By performing compliance reviews, IMRF can assist employers in understanding and administering IMRF benefits according to the Illinois Pension Code. Performing compliance reviews is considered a best practice for public pension funds.
To help you understand and prepare for a compliance review, our web site explains IMRF’s compliance review process, including tools, resources, and best practices that could help prevent compliance findings.
How are employers selected for compliance reviews?
Every December IMRF selects which employers will be reviewed in the following year. We consider several factors such as:
- The date of an employer’s last IMRF compliance review
- Field Representative territory
- Type and size of employer
The IMRF Board of Trustees approves the number of employer compliance reviews we perform each year. IMRF reviews approximately 200 employers a year.
We are here to help you
Our compliance team will involve you at every stage of the review, so you understand what is being done and why. The most successful employer compliance reviews happen when the employer and the IMRF Employer Compliance team have a collaborative working relationship.
|
|
National Retirement Security Month |
National Retirement Security Month is an annual effort to raise public awareness about the importance of saving for retirement. Taking place in October, this event provides an opportunity for your employees to reflect on their personal retirement goals.
For more information
The National Association of Government Defined Contribution Administrators (NAGDCA) organization has published videos to help your employees consider how to prepare for their retirement. An IMRF pension is a great start, but all members will also need personal savings. Share these videos with your employees to help them think about where they are in their retirement journey:
|
|
Authorized Agent Webinars |
We offer these online webinars for Authorized Agents to learn more about IMRF procedures and how to administer IMRF. Register today!
-
Module 1: Introduction, Enrollment and Termination – will be offered again in the future
-
Module 2: Wage Reporting – October 27, 2021 at 9:00 AM
-
Module 3: IMRF Benefits – November 10, 2021 at 9:00 AM
-
Module 4: Employer Rates and Legislation – December 8, 2021 at 9:00 AM
Webinar structure
This 4-part webinar series prepares IMRF Authorized Agents to perform common IMRF tasks. 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. Each webinar stands alone, and you can attend them in any order.
|
|
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
|
|
|
|
|
|
|
|
