Friday, November 13, 2020
Welcome to Employer Digest, your monthly source for IMRF news and
information to help you stay connected with IMRF.
Reminder: Executive Trustee Ballots Due December 10 
Follow the instructions in the ballot mailing you received to cast your vote. Completed ballots must be received by 4:30 PM CST on Thursday, December 10, 2020. Learn more about the candidates here.

Announcing results
Election results will be certified at the Board of Trustees meeting on December 18, 2020, and IMRF will announce the results on its website and in a subsequent edition of Employer Digest.

Additional Trustee elections
Also this fall, active members will elect two Employee Trustees and retirees will elect one Annuitant Trustee. Learn more about the candidates here.
2021 Final Rate Notices
Your employer's 2021 Final Rate Notice is available in Employer Access. Access the document from the "Display Annual Documents" link under the "Documents" section of your Employer Access account. 

The Final Rate Notice provides your employer's 2021 Annual Contribution Rate for each of its IMRF plans. If you have questions about your employer's rate notice, contact IMRF at 1-800-728-7971.
Tier 2 Wage Cap Increase for 2021
The Tier 2 member wage cap for 2021 is $116,740.42. Employers must report member earnings over $116,740.42, but should not withhold any IMRF contributions for wages above this cap.

The wage cap period is based on the calendar year, regardless of your employer's fiscal year. If a member reaches the 2021 wage cap, the employer must:

  1. Stop withholding member contributions from the member's paycheck.
  2. Keep reporting the member's wages to IMRF.

It is important for employers to keep reporting a member's wages to IMRF, even in excess of the Tier 2 wage cap, so that the member continues to earn service credit.

2020 reminder
Remember, the 2020 Tier 2 wage cap is $115,928.92. Please be mindful of this wage cap during November and December payroll to ensure your employer follows the required steps for withholding member contributions and reporting wages above this amount.

More information
Please contact IMRF at 1-800-728-7971 if you have any questions about the Tier 2 wage cap or need to discuss any complex circumstances.
Mark Your Calendar 2021 
The 2021 Mark Your Calendar is now available. Please refer to it when you add or change a retired IMRF member’s health insurance deduction. Be sure to notify IMRF prior to the submission deadlines listed in the calendar.

How does it work?
If you are unable to submit this information by the payment’s submission deadline, we cannot deduct the correct amount from the member’s benefit payment.

For example, we must receive deduction information for the February 1, 2021, benefit payment no later than January 14, 2021.
Authorized Agent Webinars
We offer these workshops for Authorized Agents to learn more about IMRF procedures and how to administer IMRF. Authorized Agent Webinars will be held online only for the remainder of 2020. Register today!

  • Module I: Introduction, Enrollment, and Termination – will be offered again in the future
  • Module II: Wage Reporting – will be offered again in the future
  • Module III: IMRF Benefits – November 19, 2020 at 11:00 AM
  • Module IV: Employer Rates and Legislation – December 8, 2020 at 9:00 AM

Workshop structure
This workshop is a 4-part series to prepare IMRF Authorized Agents. This single registration will allow you to attend the two remaining modules. You are unable to cancel registration from any single module, but attendance is not mandatory at all four.

Together, these four 1-hour webinars cover the topics included in the former one-day workshop.
Visit IMRF's website
Employer Access
Employer Digest Archive
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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
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