Section: About IMRF. You can mail your changes to: IMRF. IMRF Investments News. Board Resolution 2011-12-12. 00 = an increase of $2. Total expenses increased by about 6. Ballots, along with candidates’ biographies, will be mailed to Authorized Agents or governing bodies as appropriate in the second half of October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. This e-newsletter includes news and links to best inform employers and help them administer IMRF. 2211 York Road, Suite 500. Transactions are securely and instantly transmitted to IMRF. Board of Trustees Meeting. NA. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. The Board Investment Committee assists the Board of Trustees with its duty to invest the asseMEMBER LOGIN EMPLOYER LOGIN. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Finance Director/Treasurer for the Village of Arlington Heights. Any additional contributions and service credited to your member account on or before December 31 of the previous year are shown under “Total IMRF Service Credit” and in detail in the “Service, Wages & Contributions. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. IMRF’s expenses include annuities (pension payments), disability and death benefits, refunds to members, and the cost to administer IMRF’s benefit system. Kuehne is the Finance. IMRF electronically issues General Memorandum to all IMRF employers. – On Friday, the Illinois Municipal Retirement Fund (IMRF) Board of Trustees approved up to $440 million in commitments within the Real Assets and Private Equity asset classes, of which $105 million or 24% was committed to minority-owned or woman-owned firms. If you do not have anyone currently participating in the program and would like to offer this valuable benefit to your IMRF members, contact. Transactions are securely and instantly transmitted to IMRF. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Be sure to have your EFT and PIN ready; you’ll need. 40: Apply for your retirement pension: Member Access: Form 5. This e-newsletter includes news and links to best inform employers and help them administer IMRF. Log in to your Member Access account today! Logging in to your Member Access account allows you to view your annual Statement of Benefits, 1099-R statement, 13th Payment. No longer participating in IMRF but left your contributions on file. Member Access: Form 5. 9 million. June 2, 2021. Transactions are securely and instantly transmitted to IMRF. Your death benefits would still include one year's salary, and death benefit options are the same as if you were still working. The percentage is based on the total of: Employer contributions (. If your adjusted gross income is. to 5:30 p. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. IMRF employers can use this resource to be certain that complex procedures are completed correctly. 3 MONTHS BEFORE YOU PLAN TO RETIRE n Sign up for a Member Access account if you haven’t already. Send IMRF a written note informing us of your changes. Your Contributions. When a topic applies to a certain group of. Board of Trustees Policies. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. OAK BROOK, Ill. NA: Form 6. Protect your loved ones by entering your beneficiary information. If you do not pay within 90 days, your invoice must be paid within three years after the initial 90-day period and interest will accrue. Surviving spouse contributions are 16. A Benefit Protection Leave allows you to receive IMRF service credit and protect your disability and death benefits during an unpaid leave of absence. You will need Form 1099-R when filling. If you are denied benefits: Send IMRF a copy of all pages of the denial notice. . Transfer Service from IMRF to Article 3 Police Pension. Profile. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. When you receive notice from Social Security. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. The January after you have received one year of benefit payments. Transactions are securely and instantly transmitted to IMRF. Eligible IMRF members have six months to transfer qualifying IMRF service credit to an Article 3 police pension fund. Staff members who assist you with day-to-day IMRF issues and processes, such as enrollment, payroll reporting, benefit applications and various member inquiries, are invited to attend. The amount of the surviving spouse benefit is always 66-2/3%% of IMRF's standard pension plan and is payable for the lifetime of your surviving spouse, even if your spouse remarries. IMRF Employer Access. Transactions are securely and instantly transmitted to IMRF. Section 1: IMRF Organization and Governance. IMRF website Brian Glover / IMRF Rep for the Metro North Territory. The Board Investment Committee assists the Board of Trustees with its duty to invest the asse Click “Member Login” in the green box at the top right of Click the yellow "Register for a Member Access Account" button. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. You can contribute. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. IMRF electronically issues General Memorandum to all IMRF employers. If you forgot your User ID, call 1-800-332-4125. 21. Board of Trustees Policies. Employers do not make any contributions to your VA account. Watch the videos above or follow the steps below. Your statement provides your total contributions and service information. The more service credit you have, the larger the amount of your pension will be. Transactions are securely and instantly transmitted to IMRF. Your FRE is your highest average earnings over a certain period of time. IMRF will mail retirees’ IRS Form 1099-R tax statements in the second half of January. Member Access: Form 5. Ballots will be mailed to Authorized Agents or governing bodies in October, and must be returned by the close of business at 4:30 PM CST, Friday, December 8, 2023. The contents of this Manual and its Board policies may be changed at any time. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Set up your Employer Access Login: Re-send a user's registration email: Reset a forgotten password: Reset personal security questions: Add a team member: Remove a team member:. Each January 1 increase will be calculated on your original benefit amount, and will be the lower of: 3%. Benefits. The most efficient ways to submit your nomination are through Secure Message in Member Access or attached to an email sent to IMRF at IMRFTrusteeElection@imrf. For each month and/or year of service credit a member purchases, the member’s retirement age is enhanced accordingly. If your employer's governing body never adopted a resolution but wants to do so now, it would adopt IMRF Form 63A. Tier 1 - member before Jan 2011. Forms for Retirees and Annuitants. When a topic applies to a certain group of employers, IMRF. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. n Apply for Social Security benefits if eligible (age 62 or older, or age 60 or older and widowed). Transactions are securely and instantly transmitted to IMRF. 62% of member payroll) and. On your cost quote, you will see this information: The type of service: Which type you will purchase and the date IMRF received your purchase of service application. Sharing an account to register for a course may disqualify your application. For more information about the 2021 13th Payment, please refer to the page specific to your benefit plan:IMRF Employers will elect one Executive Trustee who will serve a five-year term which will run from January 1, 2024, through December 31, 2028. You can find all the necessary documents and forms to update IMRF benefits and beneficiaries Choose digital over paper! Update items and get up to date information in. Scan your completed form and send it to IMRF by attaching it to a secure message using Member Access. Board of Trustees Policies. 62% of member payroll) and. The contents of this Manual and its Board policies may be changed at any time at the sole. If you have your registration key, click "yes" and enter it. With your Employer Access account, you can report wages, enroll and manage. The IMRF web site will be down for maintenance on Sunday, November 6 from 8:30 AM - 12:00 PM. Monday through Friday or send a secure message to IMRF here. If you are considering a divorce, IMRF recommends that you carefully review the information linked below with your personal attorney. Freedom of Information Officer. While you are on IMRF disability: You continue to earn service credit toward your future IMRF pension, at no cost to you. M. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. For more information, refer to the EFT Pay Online Payment Instructions sheet included in your confirmation packet. Log in to your Member Access account today! Logging in to your Member Access account allows you to view your annual Statement of Benefits, 1099-R statement, 13th Payment statement, and EFT statements. 11. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. IMRF Member Access - Sign In Managing Your Interests and Serving Your Needs The fastest and easiest way to manage your IMRF account is through our secure available 24. 221-240. Activate your Member Access account using the registration key provided in your welcome letter. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. If you have any questions, please call an IMRF Representative at our Employer Only Phone at 1-800-728-7971, 8:00 A. 62% of member payroll) and. Transactions are securely and instantly transmitted to IMRF. OAK BROOK, Ill. Confirm the amount of contributions you made and the service credit you earned for that year, if any. This note must include: Your signature. 2211 York Road, Suite 500. View your service credit and. IMRF'sEmployer Digestis emailed to all employers with an active Employer Access account on a monthly basis. Current IMRF Executive Trustee Tom Kuehne was unopposed in seeking a new five-year term of office. Select Secure Online Forms. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. TRS allows for an unreduced retirement annuity with the following: Age 55 with 35 years of service. Provides employees of local governments and school districts (with the exception of the City of Chicago and Cook County) with a system for the payment of retirement, disability, and death benefits. The percentage is based on the total of: Employer contributions (. WHEREAS, section 7-198 of the Illinois Pension Code authorizes the Board of Trustees of the Illinois Municipal Retirement Fund to establish rules necessary or desirable for the efficient administration of the Fund; and. Note: In cases where a member's spouse is not eligible for a surviving spouse pension, this option allows the member to provide a benefit similar to IMRF's surviving spouse pension. Secure Sign In Username: Forgot username/password. 20: Apply for disability benefits: Member Access: Form 5. IMRF wants to start your pension payments as soon as possible after you retire, so your initial payment amounts are estimated and based on: The current wage and service credit information we have at the time of your retirement. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. IMRF electronically issues General Memorandum to all IMRF employers. While IMRF can answer factual questions about your benefits, we cannot give you. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. The selected Index will ultimately serve as a reference benchmark for an actively managed portfolio implemented by IMRF Investment Staff. m. Note: First make sure your address is up to date with IMRF. Freedom to choose doctors and hospitals. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. IMRF electronically issues General Memorandum to all IMRF employers. All June payments to everyone eligible for the 13th payment. Call 1-877-610-3706 and follow the automated prompts. These figures are estimates and unaudited. Your IMRF Member Access Account. Some other situations include:How to Apply for Your Refund. IMRF Employers will elect one Executive Trustee who will serve a five-year term which will run from January 1, 2024, through December 31, 2028. A video introduction to IMRF's endorsed insurance plans. The Manage Member Events section in Employer Access is where you will manage your essential administrative tasks. Forms for Retirees and Annuitants. We will address the steps you must take before and during the IMRF retirement application process. Your total pension at retirement cannot exceed 75% of your final rate of earnings. IMRF's endorsed Long Term Care (LTC) insurance is available to active members. The secure message feature in Member Access also allows you to send documents to IMRF or ask questions securely. Managing Your Interests and Serving Your Needs. Need to Create an Account? The secure session will automatically end after 20 minutes of inactivity. Eligibility and nominating procedures vary based on the type of trustee: Employee Trustees: Any IMRF member who has eight years of IMRF service credit as of December 31 of the election year is eligible to be nominated. An annuity (if the amount is enough to convert to a monthly annuity of at least $10. Date: 2/3/2023. 107% of your June 2023 payment. The IMRF Board of Trustees recently endorsed a new, optional program that allows IMRF to be treated as a single-employer entity with certain LTC insurance providers. Age 62 with 5 years of service. My IMRF; Account. Locally funded, financially sound. for Active IMRF Members. Register for a “Your Glass is Half Full” workshop to learn more about your benefits. In this section, you will be able to find a member profile, enroll a member, change member information, terminate a member, certify a member for disability and more. The form is also available on our website, or you can call us at 1-800-ASK-IMRF (275-4673) and request a copy be mailed to you. October 18, 2023. If you have your registration key, click "yes" and enter it. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. The Total Fund Benchmark is a blend of the asset class benchmark returns weighted by the target allocation for each asset class. Additional Surviving Spouse Pension Information. IMRF is financially sound and sustainable. Most IMRF members are in the Regular Plan. Investment Returns Summary. This e-newsletter includes news and links to best inform employers and help them administer IMRF. For more information, refer to the EFT Pay Online Payment Instructions sheet included in your confirmation packet. You cannot work for any IMRF employer for at least 60 days after your pension start date. Member Account Access > Secure Sign In. IMRF’s revenue comes from 3 sources: member contributions, IMRF employer contributions (from participating units of government), and investment income. The total amount of your service credit. IMRF Employer Access. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. IMRF Members support each other and share. You may receive monthly payments (see below for details). Forms for Retirees and Annuitants. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Manage Your Account With Employer Access. The current interest rate is 7. IMRF Members support each other and share. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. However, if you have enough service credit to qualify for an IMRF pension we strongly discourage you from requesting a refund. To register, you will need your IMRF Member ID and a valid email address. Forms for Retirees and Annuitants. See you in the training. NA: Form 6. You can also fax your form to 630-706-4289 or mail the form to us. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Scan your completed form and send it to IMRF by attaching it to a secure message using Member Access. Any additional contributions and service credited to your member account on or before December 31 of the previous year are shown under “Total IMRF Service Credit” and in detail in the “Service, Wages & Contributions. These health plans include a major medical plan for retirees under age 65, Medicare supplement plans for retirees age 65 and older, prescription drug plans, and more. Transactions are securely and instantly transmitted to IMRF. If you are considering a divorce, IMRF recommends that you carefully review the information linked below with your personal attorney. New Members—Welcome to IMRF! Also, as an IMRF member you are eligible for a unique and highly effective retirement savings program available to IMRF members only, called the Voluntary Additional Contributions (VAC) program. Brian Collins, Executive Director, and Mark Nannini, Chief Financial. Forms for Retirees and Annuitants. Employer Access allows you to perform essential administrative tasks quickly and easily. Section 2: Board Governance Policies. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. 21: Create a resolution for a governing board or council to approve elected officials for IMRF participation. Executive Trustee since January 2013. You made full contributions in Social Security since you began employment or since your employer joined IMRF, whichever. General Memos. And there is a link to the “ Members Only ” area in the footer of every page as well. IMRF Employer Access. 5%, or $9. Forms for Retirees and Annuitants. My IMRF; Account. 00 per month for the first six months of retirement. This e-newsletter includes news and links to best inform employers and help them administer IMRF. Most Commonly Used Forms. org Phone: 773-654-3984 Fax to Brian: 630-706-4289. Transactions are securely and instantly transmitted to IMRF. or member of a rescue squad or ambulance crew. R File for IMRF disability or apply to reinstate past service R Estimate your future IMRF pension R Make sure your IMRF contributions were reported correctly R Ask us a question day or night and hear back in two business days Go to and click “MEMBER LOGIN” at the top right of the page. IMRF Investments News. Establishes compliance with benefit limitations contained in Section 415 (b) (c) and (e) of the Internal Revenue Code. Enter the Registration Key from the letter sent to you by IMRF. OAK BROOK, Ill. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Forms for Retirees and Annuitants. Plan highlights include: Available to Illinois residents age 65 and older with Medicare Parts A & B. Maintaining an IMRF Member Access account is the best and fastest way to do. Once overfunded amounts are used up, employer rates will increase to the normal cost rate, death, disability, and supplemental rate plus amortization of any unfunded amounts. Recent Illinois Pension Law Changes. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. If you want to better understand the nature of IMRF and why you are making contributions, this webinar is for you! An IMRF representative will explain how your pension is funded, your benefits as an IMRF member, and the importance of having more than one savings vehicle as you. Our Employer Workshops are offered online in two separate 90-minute-long webinar sessions (Parts 1 and 2) designed for Authorized Agents and other employer representatives. Paper 1099-R Form to be Mailed in the Second Half of January. In the provisions applicable to IMRF, the bill increases certain benefits for Tier 2 members, including retirement age, FRE, annual increases, and reportable wages. Click here to begin. As part of our web-centric initiative, IMRF has eliminated print versions of many of the benefit booklets that used to be available for download on this webpage. Employers who are over 120% funded on a market basis may use the overfunding to reduce or satisfy an early retirement incentive liability. Form 6. When a topic applies to a certain group of employers, IMRF. Log in to your Member Access account today! Logging in to your Member Access account allows you to view your annual Statement of Benefits, 1099-R statement, 13th Payment. The overall NCPERS Plan, of which IMRF is a part, insures more than 87,000. The Illinois Municipal Retirement Fund (IMRF) is a member of the National Conference on Public Employee Retirement Systems (NCPERS) Voluntary Life Insurance Plan, issued by the Prudential Insurance Company of America (Prudential). IMRF Employer Access. You are guaranteed the return of your contributions as either a pension or a refund. Eligible IMRF members have six months to transfer qualifying IMRF service credit to an Article 3 police. 6 million pages, and saved IMRF more than $230,000 in printing/mailing costs. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Here's how to reach us. November 17, 2023. encourage and support in Modern Academic Values and Needs. If we have not finished processing your benefit by this date, you will receive your first payment after this date but it will include a retroactive payment back to the date your. Protect your loved ones by entering your beneficiary information. When a topic applies to a certain group of employers, IMRF. Forms for Retirees and Annuitants. IMRF's Voluntary Additional Contributions (VAC) program is just one of many savings options available to you, but it is low-risk and offers higher interest rates than many other retirement savings options. My Account Member Access. You can apply for a refund online: Sign in to your Member Access account. IMRF Member Services Representatives cannot answer questions about insurance benefits. 201-220. Board of Trustees Policies. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. May 29, 2020 Revised February 11, 2021. Get ready to unlock the full potential of IMRF’s new secure Employer Access website. Upload Document;. Your surviving spouse pension becomes payable on the first day of the month following the death of the retired member. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. IMRF electronically issues General Memorandum to all IMRF employers. You can also call 1-800-ASK-IMRF (1-800-275-4673), email us or fax us at 630-706-4289. Transactions are securely and instantly transmitted to IMRF. The Board Investment Committee assists the Board of Trustees with its duty to invest the asseIt is a percentage of your June payment amount. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. IMRF's investments are ultimately set by the authority of the IMRF Board of Trustees. (If you applied for your retirement through Member Access. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. The five-year term will run from January 1, 2024, through December 31, 2028. 2% of your FRE (up to the wage cap) for each additional year of service credit over 15 years. Voluntary Additional ContributionIMRF Board Resolution 2020-05-10(a) Defines Separation of Service Requirements for Retirees. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Nominating petitions will be accepted in the IMRF office in Oak Brook between August 1, 2022, and September 15. IMRF provides certain benefits to your beneficiaries if you pass away. New Employer Access Coming this Fall. Member Access submissions will only be accepted for the account holder. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Transactions are securely and instantly transmitted to IMRF. If a conflict arises between information in the IMRF website and the law, all decisions are based on the law. The IMRF Board of Trustees recently endorsed a new, optional program that allows IMRF to be treated as a single-employer entity with certain LTC insurance providers. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. Select the Tools tab. Our Employer Workshops for Winter 2023 will be offered online in two separate 90-minute-long webinar sessions (Parts 1 and 2) designed for Authorized Agents and other employer representatives. m. The NCPERS program has been offered to IMRF members since 1989, because it has a unique plan design. Oak Brook, IL 60523-2337. As Illinois’ second-largest pension plan, IMRF serves more than 442,000 members and more than 3,000 units of government, including counties, cities, towns,. Employers do not make any contributions to your VA account. You can also complete a paper "Application for Separation Refund" form and mail or fax it to IMRF at (630) 706-4289. In 2023, the 13th Payment will be about 24. MEMBER LOGIN EMPLOYER LOGIN. Forms for Retirees and Annuitants. com. Current term Expires: December 31, 2027. Recent Illinois Pension Law Changes and the Impact for IMRF Employers. Surviving spouse pensions under Tier 1 are increased each January by 3% of the original surviving spouse pension amount. Check your member contributions on deposit and total IMRF service credit as of December 31 of the previous year. Form 1199. Board of Trustees Policies. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. Board of Trustees Policies. Age 60 with 10 years of service. Forms for Retirees and Annuitants. Your contribution is reduced (Refer to IRS publication 590-A) $228,000 or more. The fastest and easiest way to manage your IMRF account is through our secure available 24 hours a day, seven days a week. If your first participation date in IMRF or any Reciprocal System (except for Judges' Retirement System and the General Assembly Retirement System) is January 1, 2011 or later, you are in Tier 2. October 6, 2022. The Total Fund Benchmark is a blend of the asset class benchmark returns weighted by the target allocation for each asset class. IMRF electronically issues General Memorandum to all IMRF employers. The contents of this Manual and its Board policies may be changed at any time at the sole. With your Employer Access account, you can report wages, enroll and manage members, view member and employer documents, make payments to IMRF, and much more. IMRF's Voluntary Additional Contributions (VAC) is a unique and very effective savings vehicle available to IMRF members only, to. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Any additional contributions and service credited. How to Register for a Member Access Account. , and provide us with the new number. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. Documents. Are after tax, not tax-deferred. As a result, the new program will offer discounted rates, reduced medical underwriting, and in. 10% in 2023. For additional information or questions, call IMRF's Employer Contact Center at 1-800-728-7971. If you are eligible for other sources of disability income, such as workers’ compensation or Social Security, the amount of your IMRF disability payments will be reduced. Documents. Since the plan's inception more than 40 years ago, Prudential has paid over $105 million to NCPERS members and their beneficiaries. Scan your completed form and send it to IMRF by attaching it to a secure message using Member Access. The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. 2211 York Road, Suite 500. NA. m. Are after tax, not tax-deferred. Board Resolutions - Member Contributions.