|
Legislation
that would reduce vesting for a pension from eight years to five,
provide interest on refunds and stabilize the 13th payment at 75%
of a retiree's June payment have passed the Senate and are now in
the House.
IMRF
needs your support to pass these bills.
Read
more here.
TPDP
Discontinued
Due to recent
IRS rulings, the Tax-deferred Payroll
Deduction Program (TPDP) has been discontinued.
Please note the following deadlines:
New applications:
- After January
31, 2008, IMRF will not accept any new TPDP contracts.
- The TPDP
contract must end no later than December 31, 2012.
Existing
TPDP contracts
- IMRF will
be allowed to honor existing TPDP contracts. However, all TPDP
contracts must end no later than December 31, 2012, regardless
of the original contact terms. Members will not be able to change
their TPDP contribution.
If you have
any questions, please call an IMRF Member Services Representative
at 1-800-ASK-IMRF (1-800-275-4673) Monday through Friday, 7:30 a.m.
to 5:30 p.m. |
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