IMRF Online - Revisions to Web-Based Manual for Authorized Agents

2008 (e-Ver. 3.0) Summary of Key Changes: Tax-Deferred Payroll Deduction program discontinued Taxable expense allowances may be reported as IMRF earnings if governing body passes the appropriate resolution Employees do not pay interest when purchasing omitted service Roth IRA rollover allowed IMRF no longer mails paper forms to employers that have Internet access Added information regarding three ways a member can apply for Social Security disability benefits Consolidated forms for dissolved or consolidated units of government Members who return to work under a grievance arbitration award/settlement agreement or a court ordered award/settlement agreement do not have to wait two years to repay a refund Updated Social Security wage base for 2008 Detailed changes:
Introduction
Forms Chart	TPDP: Program discontinued due to recent IRS rulings, IMRF no longer mails paper forms to employers that have Internet access. Forms 1.70, 71, 72, 73, merged into two forms, New: Form 6.74, To Include Taxable Expense Allowances as IMRF Earnings
Section 1 General Information
1.70 A School District(s) annexation, dissolution	Form 1.71 obsolete. Whether it is an annexation (one or more school districts completely dissolves into an already existing school district or a consolidation (two or more school districts completely dissolve and merge to form a completely new school districts), Form 1.70 is used
1.70B Non-School units of government annexation, dissolution	Form 1.73 obsolete. Whether it is an annexation (one or more employer(s) completely dissolves into an already existing employer) or a consolidation (two or more employers completely dissolve and merge to form a completely new employer), Form 1.72 is used
1.10 B Units of Government Covered	Added reference to SLEP
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Section 2 Authorized Agent
2.80 IMRF Forms	IMRF no longer mails paper forms to employers that have Internet access.
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Section 3 Coverage
3.80 I. Forest Preserve District Rangers (Police)	Will County Forest Preserve District added
3.96 F. Non-Cash Earnings (Wages-In Kind) 3. Uniforms and Clothing Allowances 5. Automobile Use	Amounts paid to members to buy uniforms and for the business use of a personal car are excluded from IMRF earnings, unless the employer acts to allow reporting of taxable expense allowances by passing the appropriate resolution, IMRF Form 6.74
3.96 Q. Allowance for Moving Expenses	Travel and business expense payments and expense allowances are not considered IMRF earnings, unless the employer's governing body passes the appropriate resolution (IMRF Form 6.74)
3.96 P. Expense Reimbursement and Allowances	Payments to employees for reimbursement of moving expenses are not considered IMRF earnings, unless the employer's governing body passes the appropriate resolution (IMRF Form 6.74)
3.96 FF. To Include Taxable Expense Allowances as IMRF Earnings	Expense allowances are not included as IMRF earnings, and therefore not reportable to IMRF. However, an employer may elect to include taxable expense allowances in IMRF reportable earnings. The governing body must adopt a resolution to include taxable expense allowances as IMRF earnings by adopting a resolution (Form 6.74, Exhibit 6XX). Non-taxable expense reimbursements are not included as earnings and are not to be reported to IMRF. This is true even if an employer elects to make taxable expense allowances reportable.
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Section 4 Reporting
4.35 IMRF Tax-Deferred Payroll Deduction Program	Due to recent IRS rulings, the Tax-deferred Payroll Deduction Program (TPDP) will be discontinued.
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Section 5 Benefits
Various paragraphs	"Overpayment" replaced with "prepayment"
5.20B 13. b. Special Needs (Reversionary) Annuity	Updated explanation of Special Needs Annuity
Various paragraphs	Roth IRA rollover allowed
5.40 B. 2. b. Disability Benefits, Reduction For Social Security Benefit	Revised to reflect three ways member can apply for Social Security disability: online, via telephone, in person
5.80 C Health Insurance Continuation, Pension Protection Act:	Revised language to reflect tax deduction retired or disabled public safety employee can take for health or long-term care insurance premiums paid by IMRF to the insurance company or employer.
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Section 6 Member Accounts
Various paragraphs	Tax-Deferred Payroll Deduction program discontinued
Various paragraphs	Rollover to a Roth IRA allowed
6.40 3 Past Service Reinstatement (Repay a refund)	Employees who return to work under a grievance arbitration award/settlement agreement or a court ordered award/settlement agreement not required to wait two years to repay a refund.
6.40 6 mitted Service	Employees do not pay interest when purchasing omitted service
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Section 9 Federal Tax Reporting/Social Security
Appendix A, Social Security Wage Bases, Medicare Rates, and Social Security Rates	Updated wage bases and rates
Appendix B, Sample completed W-2 forms	Revised W-2 used in examples

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If you have questions regarding IMRF benefits, contact us by email or call 1-800-ASK-IMRF (1-800-275-4673)

IMRF Online provides a brief summary of IMRF benefits and the administration of those benefits.
IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code.

Page Last Updated by LH on 03-03-08

2008 Revisions to IMRF Manual for Authorized Agents

2008 Revisions to IMRF
Manual for Authorized Agents