This fall, IMRF employers will elect one Executive Trustee for a five-year term of office, from January 1, 2023 through December 31, 2027.

You can run for Executive Trustee if you:

• Are employed by a participating governmental unit as chief executive officer, chief finance officer, or other officer, executive, or department head.
• Are an active and vested IMRF member (not including reciprocal service) as of December 31, 2022.
• Gain the nomination of at least three IMRF employers, each of whom must submit a nominating petition to IMRF.

Nominating petitions are accepted between August 1 and September 15.

Learn more about running for Executive Trustee here.

The Illinois Pension Code requires IMRF to post certain employer cost and participation reports on its website. IMRF will update these reports annually. 

• Employer Contribution Amounts: The amount of employer contributions each employer made from 1/1/1995 to present (searchable spreadsheet)
• Employer Contribution Rates: Each employer’s contribution rates for the current year and one year after (searchable spreadsheet)
• Participating Employers: A list of all employers and the date each employer joined IMRF (searchable spreadsheet)
• Employer Resolutions: Required participation resolutions for employers that joined on or after 1/1/1995 (searchable PDF)

IMRF employers that have a website must include a link to the employer cost and participation reports page. 

For more information

To learn more about employer rates, see Employer Rates.

New legislation was passed, Public Act 102-0849 (Senate Bill 3651), which creates a new exemption for Accelerated Payments that arise due to workers’ compensation payments.

What is an Accelerated Payment?

Certain increases in reported earnings during a member's Final Rate of Earnings (FRE) period result in additional pension costs. Employers are required to pay this cost immediately upon the member’s retirement. This payment is called an Accelerated Payment.

Accelerated Payment exemption requests

Certain increases in reported earnings are eligible for an exemption from the Accelerated Payment. The following increases in reported earnings may be considered for an exemption:

• Workers' compensation (new)
• Overtime or overload hours
• Increase in required hours
• Standard promotion
• Vacation time payout
• Certain personnel policies or collective bargaining agreements

These possible exemptions must meet specific requirements. Employers need to apply for exemptions within 30 days of an AP charge notification.

Receiving an Accelerated Payment exemption does not mean the employer doesn’t have to pay this cost nor is this a penalty. 

An exemption does not eliminate liability 

An Accelerated Payment does not change the total amount due from employers to IMRF; it only requires part of the payment to be made sooner. Receiving an exemption means that this amount will be included in the employer’s employer rate calculation and amortized over the full amortization period.

Last week you received an email with a link to complete the next employer survey. Please complete the survey by July 15. The survey asks you about your overall engagement with IMRF. Completing the survey should take no more than five minutes.

Thank you to everyone who completed our last survey. Your feedback plays an important role in helping us improve.