January 17, 2017


In This Issue:
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ZeroIMPORTANT REMINDER:
Closing date for 2016 payroll
December 2016 wage reports were due to IMRF January 10, 2017.

It is important to contact Darrell Thomas, Wage Reports Specialist, immediately by phone: 630-472-9755, or email: dgthomas@imrf.org if you missed the deadline and have not submitted your employer's report.
One2017 maximum IMRF wages
For 2017, IMRF Tier 1 member wages do not include compensation in excess of $270,000. Federal tax law limits the amount of wages that can be used for pension purposes. This limit applies to Tier 1 members who began IMRF participation in 1996 or after. Employers do not withhold IMRF contributions or report earnings for wages that exceed this limit.
 
IMRF Tier 2 member wages do not include compensation in excess of $112,408.42 for 2017. Employers should continue to report earnings over $112,408.42, but should not withhold IMRF contributions for wages exceeding this amount. IMRF will not accept contributions on wages over this amount for Tier 2 members.
TwoGeneral Memo 664:
2017 Board officers
At IMRF's December 16, 2016, Board of Trustees meeting, the Board elected the following new officers for 2017:
  • President: Sue Stanish
  • Vice President: Natalie Copper
  • Secretary: David Miller
Read more about the 2017 Board Officers and the 2016 Board election results in General Memo 664.
ThreeIMRF's video series grows
IMRF's Endorsed Insurance Program Video Series has grown to include three new releases outlining the endorsed health insurance plans available to retirees. Employers are encouraged to share these links with their employees and retirees. 

The first new video provides an overview of Medicare Supplemental Plans and Prescription Drug Plans available to IMRF members through a program administered by IMRF's partner, Doyle Rowe, Limited. The additional releases in the series highlight Medicare Advantage Plans, and Dental, Vision, and Long-Term Care. Each video outlines the factors when considering insurance coverage, including: premiums, doctors, and coverage area.
  

The new videos, in addition to the complete Endorsed Insurance Video Library, may be viewed here.

 

IMRF's endorsed health insurance plans are available through a program administered by IMRF's partner, Doyle Rowe LTD. For more information about the endorsed health plans, IMRF retirees may directly contact the Doyle Rowe LTD Endorsed Plan Hotline, 1-800-564-7227, or visit Doyle Rowe LTD's website, dedicated to IMRF retirees:

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2211 York Road, Suite 500
Oak Brook, IL 60523-2337
Member-only Phone: 1-800-ASK-IMRF (275-4673)            
Employer-only Phone: 1-800-728-7971 
 
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