November 30, 2017

In This Issue:
Quick Links:
OneRegister for IMRF's Funding Policy webinar
Registration continues for IMRF's new webinar program, "IMRF's Funding Policy," taking place Wednesday, December 6 at 1:30 PM. Authorized Agents are encouraged to advise their auditors, financial officers, and governing body members to register here for "IMRF's Funding Policy" webinar program.
Louis W. Kosiba, Executive Director, and Mark Nannini, Chief Financial Officer, will provide a general overview of IMRF's actuarial funding policy, assess key funding objectives, and review the components that affect IMRF's funding policy. A question-and-answer session will follow the presentation.
The Funding Policy webinar will begin at 1:30 PM (attendees will be able to log in to the event beginning at 1 PM); the entire program is scheduled for one hour, estimated to end at 2:30 PM.
TwoBoard election ballots due December 12
Completed ballots for IMRF's Executive Trustee election must be received by IMRF's Springfield or Oak Brook office by 4:30 PM (CST), December 12, 2017. The five-year term of office will run from January 1, 2018, through December 31, 2022.
IMRF mailed election ballots and candidate biographies to Authorized Agents or governing bodies (as appropriate) on October 11, 2017. Authorized Agents may cast a ballot in an Executive Trustee election provided they have been given authority by their governing body. If an Authorized Agent does not have voting authority, as indicated on Form 2.20, "Notice of Appointment of Authorized Agent" on file, and the governing body would like to grant a person authority to participate in IMRF elections, IMRF needs to receive a new Form 2.20.
Refer to the 2017 Board Elections page of IMRF's website for additional election information.
TwoNovember 2017 Board Meeting Highlights
At the November 17, 2017 Board Meeting, the Board:
  • Appointed Brian Collins as the next executive director.
  • Approved changes to the actuarial assumptions.
  • Finalized employer contribution rates for the 2018 calendar year.
  • Approved the 2018 Budget.
The next regularly scheduled Board meeting will be held December 15 at 9 AM at IMRF's Oak Brook office.
Are you a member of a special education cooperative
or other type of educational cooperative?
Avoid Erroneous Reporting
It is not unusual for one unit of government to provide payroll services for another unit of government, particularly for a cooperative organized under the Intergovernmental Cooperation Act or for a joint educational program. However, an IMRF employer providing these payroll services may be erroneously reporting employees of another employer to IMRF under their employer number.
Read more about IMRF's r eporting guidelines and the consequences of erroneously reporting an employee who has no statutory right to IMRF participation with your employer in the November 2017 Employer Reminder.
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2211 York Rd., 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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