We are pleased to announce that IMRF is a recipient of the Malcolm Baldrige National Quality Award. A Presidential-level honor, the award recognizes exemplary U.S. organizations and businesses that demonstrate an unceasing drive for radical innovation, thoughtful leadership, and administrative improvement. 

Click here to watch a video from IMRF Executive Director Brian Collins.

First public pension fund in the nation to win

IMRF is the first public pension fund in the nation to receive our country's highest presidential honor for performance excellence. Not only are we in rare company among the best of the best in the nation, but this award shows that we are leading the way for excellence in the public pension industry. Of the more than 7.6 million U.S. businesses, less than 1% have received this distinction, with only 115 total winners over the last three decades.

Brian Glover is the new IMRF Field

	Brian Glover Metro North Territory Field Representative

Representative for the Metro North Territory.

In this position, Brian will work with IMRF employers and members to explain and answer questions about the IMRF benefit program and procedures. He will also conduct employee workshops, Authorized Agent certification programs, and other informational presentations.

Brian brings over 25 years of experience as a trainer and educator to his role as Field Representative.

In 2020, IMRF employers will receive six key documents with information necessary for financial planning, accounting, and reporting purposes. The documents will be located in Employer Access.

• The Employer Reserve Account Statement (to release February 2020) provides accounting of your employer's IMRF assets for 2019. It reports the opening balance on January 1, 2019, the closing balance on December 31, 2019, investment earnings, interest charges, charges for employee retirements, and credits for contributions made to IMRF.
• Employer Copy Member Statements (to release February 2020) are for your employer's records and provide summaries of your IMRF members' accounts for 2019. They include a breakdown of service credit (including the type of service), contributions, and wages for each month.
• The Preliminary Rate Notice (to release April 2020) provides your employer's estimated contribution rate for 2021.
• Both the GASB 50 and GASB 68 statements (to release April 2020) provide the funded status of your IMRF plan(s) as of December 31, 2019. One or both of these statements are needed to complete your employer's financial statements.
• The Final Rate Notice (to release November 2020) provides your employer's actual contribution rate for 2021.

IMRF will notify employers through secure messages and Employer Digest when documents become available. If you have questions about the document schedule, call IMRF's exclusive, employer-only phone number, 1-800-728-7971.

On Friday, November 22, 2019, the IMRF Board of Trustees:

• Approved a new three-year Strategic Plan for the organization, the 2020 IMRF employer contribution rates, and the 2020 IMRF Budget
• Shared findings from the actuarial consultant review of IMRF's funding policy
• Honored Annuitant Trustee Sharon U. Thompson
• Approved two new Board Resolutions relating to rescinding multiple older resolutions that became obsolete and adding a Roth savings option to the IMRF staff deferred compensation plan
• Approved the participation of three new units of government

You can read the full report in the November 2019 Board Meeting Highlights.

The next regularly scheduled Board meeting will be held Friday, December 20, at 9 AM at IMRF's Oak Brook office.

Your employer's December 2019 wage report is due no later than Friday, January 24, 2020. You must submit your employer's final 2019 wage report and any adjustments by this date for IMRF to include the information in your employer's 2019 Member Statements of Account and 2019 GASB statements. These documents are available in early 2020. You should also resolve any outstanding pending wages by January 24.

Late reports and adjustments could make 2019 documents inaccurate Wage reports and adjustments received after January 24, 2020, may not appear until your employer's 2020 Member Statements of Account or 2020 GASB statements. These documents aren't scheduled for distribution until early 2021.

Use Employer Access
The most accurate way to submit member wages and contributions to IMRF is through Employer Access.

Please contact IMRF at 1-800-728-7971 (employer-only number) with questions about reporting wages to IMRF.