Register For Funding Policy Webinar; Board Election Ballots Due December 12; November 2017 Board Meeting Highlights; November 2017 Employer Reminder

November 30, 2017


In This Issue: Register for IMRF's Funding Policy webinar Board election ballots due December 12 November 2017 Board Meeting Highlights November 2017 Employer Reminder	Quick Links: Visit IMRF's website Log in to Employer Access Employer Digest email archive

Register 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.

Board 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.

November 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.

Read the complete report in the November 2017 Board Meeting Highlights.

The next regularly scheduled Board meeting will be held December 15 at 9 AM at IMRF's Oak Brook office.

November 2017 Employer Reminder

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.

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 IMRF Employer Access account.

If someone at your employer would like to receive Employer Digest and does not have an IMRF Employer Access account, you can log in to your IMRF Employer Access account and add them as a "News Subscriber," or they may sign up here.

IMRF

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

This email is sent from an unmonitored mailbox. Please do not reply to this message.