Later this month, First Data Government Solutions will be implementing a multi-factor authentication process (MFA) for our employers to use for Automated Clearing House (ACH) payments. Adding an MFA process will increase online security for our employers.

Employers use First Data Government Solutions when making payments for wage report contributions, accelerated payments, and other types of payments. 

How it works

The first time you access the First Data Government Solutions website after April 28:

• You will be prompted to enter your email address and a new password to enable MFA and access the application.
• You will then be sent a code to that email address.
• Enter that code in the field as requested.

The code will work on the website for 20 minutes before it expires.

For more information

If you are having difficulty using the First Data Government Solutions website, call First Data Government Solutions at 1-800-662-6311. 

If you have a question about wage reporting, employer payments, or any other IMRF-related question, call IMRF at 1-800-ASK-IMRF (1-800-275-4673).

IMRF will host live webinar Employer Rate Meetings in May.

The three webinar dates are:

• Tuesday, May 3, 2022 at 1:00 PM 
• Thursday, May 12, 2022 at 11:00 AM
• Wednesday May 18, 2022 at 10:00 AM

Click on your preferred date to register for the webinar. The meetings will be an hour long.

Information to be covered

The Rate Meeting webinars will review the impact of year-end financial and actuarial data on IMRF, and the data's estimated impact on individual employers. IMRF Executive Director Brian Collins and Chief Financial Officer Mark Nannini will conduct the meetings.

Employers will be able to ask questions using a chat function during the calls.

Four documents are now available in the "Display Annual Documents" section of Employer Access:

• Your employer's 2023 Preliminary Contribution Rate Notice provides your employer's estimated 2023 annual contribution rate for its IMRF plans, and is necessary for financial planning, accounting, and reporting purposes. 
• Your employer's 2021 Governmental Accounting Standards Board (GASB) 68 Report and 2021 Governmental Accounting Standards Board (GASB) 50 Footnote Disclosure Statement are also available.
• IMRF's SOC-1 Type 2 Report is needed by some IMRF employers for financial reporting purposes. In the report, independent auditors examined and verified the adequacy of IMRF's internal controls. 

Please provide these important documents to your employer's chief financial officer.

On Friday, March 25, 2022, the IMRF Board of Trustees:

• Passed Board Resolution 2022-03-25(a), which authorizes staff to complete the orderly and prudent divestment of any remaining Russian investments, in a manner consistent with staff’s fiduciary duties and with the goal of reducing risk and potential loss to the IMRF portfolio. As of March 9, IMRF held approximately $23 million in Russian investments, representing about 0.04% of the total portfolio.
• Heard a report from Mark Chevchek, IMRF’s Chief Security Officer (CSO), on IMRF's cybersecurity improvements, including partnering with a cybersecurity vendor to ramp up our security capabilities, updating our cybersecurity goals and objectives, and implementing enhanced staff training. 

For more information

You can read the full report in the March 2022 Board Meeting Highlights.

The next regularly scheduled Board meeting will be held Friday, May 27, at 9 AM.