Illinois Municipal Retirement Fund (IMRF). In addition to the salary provided herein, the Board shall pay the retirement contribution to the Illinois Municipal Retirement Fund. Both parties acknowledge that the Director does 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 that such contributions are made as a condition of employment to secure the Director’s future services, knowledge, and experience.
Illinois Municipal Retirement Fund (IMRF). The benefits of the Illinois municipal retirement fund and eligibility for IMRF are determined by the state law and not by the county. The benefits are subject to change. Employees will be notified of changes in benefits by the county. Included are temporary and permanent disability payments, pension and death benefits. See the most recent edition of the pamphlet distributed by the Auditor’s office for a detailed description of your benefits.
Illinois Municipal Retirement Fund (IMRF). According to the authority granted by the Pension Reform Act of 1974, Section 414(h) (2) of the Internal Revenue Code and Section 7-173.2 of the Illinois Pension Code, the Board of Education agrees to pay four and one half percent (4.5%) of each Employee's wages to the Illinois Municipal Retirement Fund (IMRF) on behalf of each Employee as a tax sheltered direct contribution. Should any of the above be declared improper by an IRS ruling or opinion or by a court of competent jurisdiction, that clause or portion thereof shall be deleted to the extent that it violates the ruling or opinion.
Illinois Municipal Retirement Fund (IMRF). A. The parties agree that in the bargaining the benefits contained in the August 1, 2018 through July 31, 2021 contract, the parties’ shared intent was not to subject the Board to any IMRF accelerated payment obligation to IMRF. The District and HESPA agree to create a form that will identify extra duties/activities employees perform for additional pay. The form(s) will be signed by the building administrator and the employee. The original form will be sent to District Office, and both the building administrator and employee will retain a copy. In the event the District receives an Accelerated Payment invoice, the parties agree to meet in order to clarify which earning(s) increase was the cause of the Accelerated Payment invoice.
Illinois Municipal Retirement Fund (IMRF). Employee contributions to the Illinois Municipal Retirement fund shall be picked up by the Board through salary deduction in accordance with Public Act 91-0685.
Illinois Municipal Retirement Fund (IMRF). According to the authority granted by the Pension Reform Act of 1974 of the Internal Revenue Code, ESPs shall pay their required employee contribution and the Board shall pay its required employer contribution to IMRF as required by law for the employee’s benefit and as a tax sheltered direct contribution. Should any of the above be declared improper by an IRS ruling or opinion or by a court of competent jurisdiction, that clause or portion thereof shall be deleted to the extent that it violates the ruling or opinion.
Illinois Municipal Retirement Fund (IMRF). The district will pay 100% of the member’s IMRF contribution.
Illinois Municipal Retirement Fund (IMRF). In addition to the annual compensation earned by the employee, for all eligible employees the District shall contribute the employer's required share of the IMRF payment, shall deduct from the employee's wages the employee's share of the IMRF payment, and shall remit to the Illinois Municipal retirement Fund the total of the employer's and employee's required contributions to the fund.
