Welcome to
Employer Digest, your monthly source for IMRF news and information to help you stay connected with IMRF.
|
|
Register Today for an Authorized Agent Workshop
|
|
We still have openings at these remaining workshops in 2018:
- Aurora - Tuesday, September 11 at 9 AM
- Galesburg - Thursday, September 13 at 9 AM
- Champaign - Friday, September 14 at 9 AM
- Elk Grove Village - Tuesday, September 18 at 9 AM
- Oak Lawn - Thursday, September 20 at 10 AM
- Springfield - Friday, September 28 at 9 AM
- Galena - Tuesday, October 2 at 9 AM
- Countryside - Thursday, October 4 at 9 AM
- Gurnee - Thursday, October 4 at 9 AM
- Murphysboro - Tuesday, October 9 at 9 AM
- Collinsville - Monday, October 22 at 9 AM
- Homewood - Tuesday, October 23 at 9 AM
- Rockford - Tuesday, November 1 at 9 AM
- Peoria - Tuesday, November 13 at 9 AM
- Wheaton - Thursday, December 6 at 9:30 AM
Each workshop is scheduled for five hours. A continental breakfast and light lunch will be served.
You may register for a workshop through
Employer Access or by calling the exclusive, employer-only phone number,
1-800-728-7971.
|
|
Petitions Now Accepted for Executive Trustee Election
|
|
IMRF is now accepting nominating petitions for the 2018 Executive Trustee election. Petitions will be accepted through Monday, September 17, at 4:30 PM CST. Completed petitions may be mailed or hand delivered to
IMRF's Oak Brook or Springfield offices, scanned and emailed to
IMRFTrusteeElection@imrf.org, or faxed to 630-706-4656, ATTN: IMRF Trustee Petitions.
IMRF employers will elect one Executive Trustee to the Board of Trustees this fall to a five-year term that will run from January 1, 2019, through December 31, 2023. To qualify for the position, a candidate for Executive Trustee must:
- Be employed by a participating governmental unit as chief executive officer, chief finance officer, or other officer, executive, or department head.
- Be an active and vested IMRF member as of December 31, 2018.
- Gain the nomination of at least three IMRF employers, each of which must submit a nominating petition to IMRF.
More information about the 2018 Executive Trustee election, including nominating procedures, qualifications, sample petitions, and a biographical questionnaire, can be found on
www.imrf.org.
|
|
Options for Members When Leaving an IMRF Employer
|
|
When an IMRF member leaves their IMRF employer, they are
not required to take a refund of their IMRF contributions. In many cases, it is in the member's best financial interest to leave their contributions on deposit with IMRF when they separate from employment.
Leaving Contributions on Deposit
There is no charge for leaving contributions with IMRF. If a member is terminated from IMRF participation and leaves their contributions on deposit, they will be considered an "inactive" member. This option makes sense if the member is vested for an IMRF pension or if they plan to work for another IMRF employer or reciprocal retirement system employer in the future. Also, inactive members receive annual personal statements of benefits from IMRF, which provides important information about their IMRF contributions and benefits.
Overall, by leaving contributions on deposit, members maintain their eligibility for future IMRF benefits.
Taking a Separation Refund
Members have the option to take a refund once they no longer work for an IMRF employer. However, this option means that the
member will lose all of their service credit and will give up the right to any future IMRF pension and death benefits. If the member returns to an IMRF-covered position in the future after taking a refund and wants to purchase their past service credit, they would have to pay both the contributions they made during that time as well as the interest that would have accrued. Because of this, members should carefully consider whether taking a refund is right for them, especially if they are vested for an IMRF pension or plan to work in another position covered by IMRF or by a reciprocal retirement system.
|
|
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
Employer Access
account.
If someone at your employer would like to receive
Employer Digest
and does not have an Employer Access account, you can log in to your
Employer Access
account and add them as a "News Subscriber," or they may
sign up here
.
|
|
2211 N. York Rd., Ste. 500, Oak Brook, IL 60523-2337 (Main Office)
3000 Professional Dr., Ste. 101, Springfield, IL 62703
Member-only Phone: 1-800-ASK-IMRF (275-4673)
Employer-only Phone: 1-800-728-7971
|
|
|
|
|
|
|