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Friday, February 14, 2020
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Welcome to
Employer Digest, your monthly source for IMRF news and
information to help you stay connected with IMRF.
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IMRF Executive Director Brian Collins shares an update on IMRF's 2019 investment returns, funded status, and overall financial position. View the video below.
Good news! Due to the improved financial position of the fund, IMRF expects that employer contributions in future years will decrease.
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2019 Employer Retirement Reserve Statements
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Your employer's 2019 Employer Retirement Reserve Statements will be available in
Employer Access in the "Display Annual Documents" section later this month.
These statements may include:
- Employer Retirement Reserve Statement for 2019 for your employer's regular reserve account
- ECO Retirement Reserve Statement if your employer participates in the Elected County Official (ECO) plan
- SLEP Retirement Reserve Statement and/or SLEP Enhancement Reserve Statement if your employer participates in the Sheriff's Law Enforcement Personnel (SLEP) plan
- ERI Retirement Reserve Statement if your employer offered the IMRF Early Retirement Incentive (ERI)
If you have questions about these statements, please contact IMRF at
1-800-728-7971 (employers only) or use the Secure Message Center in Employer Access.
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Employer Copies of 2019 Member Statements
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Employer copies of 2019 Member Statements will be available in
Employer Access
in the "Display Annual Documents" section later this month.
Please
do not share these copies with your employees; they are provided as a reference for your employer. Use them to check for errors.
Your employees will receive their 2019 Personal Statement of Benefits (Member Statement) in late February or March. This annual statement provides members with their IMRF account activity for 2019, including past earnings, contributions, and employers. Members are encouraged to review this information each year to make sure it's accurate and to resolve any problems early.
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Legislative Changes to Police and Fire Funds
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Legislation was passed in 2019 that, among other provisions, changes the way in which the maximum reportable wages for pension fund purposes are calculated. This change is applicable only to the Article 3 (police) and Article 4 (fire) pension funds. It does not affect IMRF. Employers should continue to follow the IMRF wage reporting rules found in Appendix A-2: Wage Caps of the IMRF Authorized Agents Manual.
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Reminder: IMEC Conference on February 27
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Join IMEC and IMRF to learn how the pursuit of performance excellence can improve your organization. IMRF employers that are interested in improving processes and overall effectiveness are encouraged to attend these conferences.
IMEC is dedicated to providing organizations in Illinois with the tools and techniques to create sustainable competitive futures. Through its recognition program, IMEC leverages the Baldrige Excellence Framework as a foundation for driving organizational improvement.
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2020 IMEC Conference on Enterprise Excellence
- Cost: $275 per individual or $1235 per group of five
- Date: Thursday, February 27, 2020
- Time: 8:30 AM - 6:30 PM
- Location: Northern Illinois University Conference Center in Naperville
This one-day conference will feature recognized leaders, from a variety of industries, who have led their teams and organizations to high performance in the areas of leadership, strategy, customer engagement, operations, workforce, and technology.
The Keynote Speaker is Lindel Fields, Superintendent and CEO of Tri-County Tech, a recipient of the 2018 Baldrige National Quality Award. Tri-County Tech is a recognized high-performing public technology center in the Oklahoma Career and Technical Education System, which has a vision of inspiring success through life-changing learning experiences.
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Early 2020 Authorized Agent Workshops
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Register today for one of the Authorized Agent workshops! Authorized Agent workshops are open to Authorized Agents and other employer representatives, and there is no cost to attend. To review the presentation before your scheduled workshop, visit our
Employer Workshops page and click the link on the right side of the page.
Upcoming workshop locations and dates:
- Joliet - Wednesday, February 26, 10:00 AM
- Rockford - Thursday, April 2, 9:00 AM
- O'Fallon - Wednesday, April 8, 9:00 AM
- Peoria - Wednesday, April 8, 9:00 AM
- Galena - Tuesday, April 21, 9:00 AM
- Springfield - Wednesday, April 22, 9:00 AM
- Gurnee - Thursday, April 30, 9:00 AM
- Aurora - Thursday, May 7, 9:00 AM
- Hoffman Estates - Tuesday, May 12, 9:00 AM
- Marion - Wednesday, May 13, 9:00 AM
- Utica - Wednesday, May 20, 9:00 AM
Each workshop is scheduled for five hours. A continental breakfast and light lunch will be served.
You can register for a workshop through
Employer Access or by calling the employer-only phone number,
1-800-728-7971.
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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.
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