Illinois Municipal Retirement Fund. In addition to the annual salary stated in paragraph A.1 of this Contract, the Board shall pay the Executive Director’s full-required contribution up to the amount required as of the date of the execution of this Contract to the Illinois Municipal Retirement Fund (“IMRF”). The Executive Director shall not have any right or claim to said amounts contributed by the Board on his behalf, except as they may become available at the time of retirement or resignation from IMRF. Both Parties acknowledge that the Executive Director did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the IMRF, and further acknowledge that such contributions are made as a condition of employment to secure the Executive Director’s future services, knowledge and experience.
Illinois Municipal Retirement Fund. All employees under this contract who work 1000 hours or more per year are required to be a member of the Illinois Municipal Retirement Fund. This retirement plan is partially funded by the City of Batavia.
Illinois Municipal Retirement Fund. During the term of this Agreement, qualifying employees covered by this Agreement, shall participate in the Illinois Municipal Retirement Fund (IMRF) in accordance with and subject to the provisions within the Illinois Pension Code governing the IMRF, and the applicable rules and regulations related thereto. During the term of this Agreement, the City agrees to continue the election of a minimum one- thousand (1,000) hours per year standard for participation in the IMRF so long as that option remains available under the IMRF program.
Illinois Municipal Retirement Fund. The employee’s contribution to the Illinois Municipal Retirement Fund (IMRF) shall be deducted from the employee’s pay.
Illinois Municipal Retirement Fund. All cafeteria employees employed more than six hundred (600) hours are eligible to participate in the Illinois Municipal Retirement Fund with deductions made according to earnings and established percentage by the Illinois Municipal Retirement Fund and the percentage the BOARD is required to contribute to the Illinois Municipal Retirement Fund. If an employee retires between age 62 and 65, the BOARD will pay the premium for health, hospitalization and major medical insurance for the employee until the employee is eligible for Medicare or age qualified for Medicare or elects alternative insurance coverage in accordance with Article XIV of this AGREEMENT.
Illinois Municipal Retirement Fund. Each member of the Sheriff’s Office shall receive such coverage as mandated by Article 7 of the Illinois Pension Code. See, 40 ILCS 7/1-101, et seq. Bargaining unit members, when applicable, must be enrolled in the SLEP Pension Plan. Those bargaining unit members who do not meet these criteria are prohibited from inclusion. Part-time auxiliary or special deputies are not eligible to participate in the fund.
Illinois Municipal Retirement Fund. The para council member’s contribution to the Illinois Municipal Retirement Fund (IMRF) shall be deducted from the para council member’s pay.
Illinois Municipal Retirement Fund. In addition to the annual salary stated in paragraph A.1 of this Contract, the Board shall pay on behalf of the Chief Officer to the Illinois Municipal Retirement Fund (“IMRF”) the Chief Officer’s required contributions to said pension system. The Chief Officer shall not have any right or claim to said amounts, except as they may become available at the time of retirement or resignation from the pension system. Both Parties acknowledge that the Chief Officer did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the IMRF, and further acknowledge that such contributions are made as a condition of employment to secure the Chief Officer’s future services, knowledge and experience.
Illinois Municipal Retirement Fund. Employees can earn IMRF service credit for the months of the leave period if they pay their member contributions after returning from the leave. An employee’s specific circumstances while on active duty will determine their rights to IMRF service credit. However, the eligibility for IMRF service credit is determined by IMRF and not the County and is subject to such requirements as IMRF may determine.
Illinois Municipal Retirement Fund. All employees working six hundred (600) hours or more per year are automatically members of the I.M.R.F. Monthly contributions are withheld from wages in a fixed and predetermined amount. Each employee receives notice of any change in deductions at the time the amounts are determined by the fund.
