Considering Returning to Work to Supplement Your Retirement Income?
If you are currently receiving pension payments and are considering returning to work part-time, as a consultant, or in any other capacity, call IMRF first to make sure your work plans will not adversely affect your pension.
You could face serious financial consequences if you do not follow the laws that apply to receiving a public pension while working for a public-sector employer.
An IMRF Board resolution was recently passed making an important change to the Return to Work policy.
Currently, if you are employed in a position that is expected to meet the hourly standard as an IMRF-qualifying position (600 or 1,000 hours, as applicable), your pension payments must stop upon employment and you are required to re-enroll in IMRF.
New Rule Effective January 1, 2021
With this new Board resolution, you can work in an IMRF-qualifying position up until you meet the hourly standard (600 or 1,000 hours, as applicable). Once you reach the hourly standard, you are required to either re-enroll in IMRF and stop receiving pension payments, or stop working in your IMRF-qualified position until you reach the 12-month anniversary of your employment date. On your employment anniversary date, your return to work period is reset for the next 12 months.
To learn more about this new resolution and about the Return to Work policies, clickhere.
Register Today! RetireeFinancialWorkshop Webinars
These will be interactive webinars for IMRF retirees only, with the opportunity to ask questions.
Recognizing and Preventing Financial Fraud
Learn how to protect yourself against fraud. Hear about some of the recent major fraud cases being reported by the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB), and learn steps to avoid becoming a victim of fraud. Discover effective ways to protect your private information.
Register for one of the following dates:
September 10, 10:00 am – 11:00 am (central time)
September 15, 2:00 pm – 3:00 pm (central time)
September 18, 10:00 am – 11:00 am (central time)
September 23, 2:00 pm – 3:00 pm (central time)
For more information on IMRF's Retiree Workshops and to register, clickhere.
Are You Interested in Running for the IMRF Board?
The deadline for Nominating Petitions is September 15.
You can run for the Annuitant Trustee position if you are:
An IMRF annuitant receiving an IMRF annuity (pension) in January 2021; and
You were vested using IMRF service credit only, even if you retired with a reciprocal pension
The five-year term of office will run from January 1, 2021 through December 31, 2025.
Interested candidates can learn more about the responsibilities, qualifications, and nominating procedure for Annuitant Trustee by clickinghere.
Member Access - Did You Know?
2020 Annual Benefit Statements and EFT Statements Will Be Available Online Only
To view your 2020 IMRF Benefit Statement, available in early November, log into your Member Access account and click on Benefit Statements under Quick Links, on the right side of the screen.
To view your Electronic Funds Transfer (EFT) Statements, log into your Member Access account and click on EFT and Tax Statements under Quick Links, on the right side of the screen. For most members, EFT Statements will be issued December 1, January 1, in July for the 13th Payment, and any time your payment amount changes.
If you do not already have a Member Access account, you will need a Registration Key to create one. The Registration Key is 16 characters and can be found toward the end of the annual Statement of Benefits IMRF mailed to you in November 2019. You can also request that a new Registration Key be mailed to you by clickinghere.
For information on everything Member Access has to offer, and for instructions on how to conduct your important IMRF business using Member Access, clickhere.
To read more about our Web-Centric Initiative and the rationale behind it, click here.