When a unit of government is annexed, consolidated, or dissolved, IMRF must be notified so member records and employer reserve balances can be transferred to the new/annexing employer(s).
After the appropriate form and documentation is submitted to IMRF and the dissolution is completed, IMRF will transfer all member records to the annexing/new employer(s). The Authorized Agent for the dissolving employer does not need to submit termination forms, and the Authorized Agent for the new/annexing employer does not need to submit enrollment forms.
In addition, IMRF will charge the dissolving employer(s) receivable account(s) and credit the new/annexing employer receivable account(s) as required.
An employer’s reserve account is used to fund members’ retirement benefits. As a result of the dissolution, IMRF will credit or charge employer(s) reserve account(s) as needed. It is not uncommon for the Authorized Agent of the new/annexing employer to not recognize members listed on its Reserve Statement. This is the result of member records being transferred from a dissolving employer to the new/annexing employer.
The form used to inform IMRF of the dissolution depends on the how the employer is being dissolved. An employer can be dissolved in one of four ways:
School District: dissolution and annexation or consolidation of school district into a different school district(s)
Non-School District Unit of Government: dissolution and annexation or consolidation of a unit of government into a different unit(s) of government Partial dissolution: one unit of an IMRF employer becomes its own employer or joins with another IMRF employer
The Superintendent for the Educational Service Region in which the dissolving school district(s) is located would submit IMRF Form 1.70, ”Certificate of Dissolution - School Districts,” (Exhibit 1A). The completed form should be submitted with a copy of the legal document that caused the annexation, e.g., legislation, referendum, or letter from legal authority authorizing the dissolution.
To access this form, visit the Employer Access area on IMRF's website (www.imrf.org).
The Authorized Agent for the dissolving unit of government would submit IMRF Form, ”Certificate of Dissolution - Non-School District Unit of Government”. The completed form should be submitted with a copy of the legal document that caused the annexation, e.g., legislation, referendum, or letter from legal authority authorizing the dissolution.
If more than one unit of government is being dissolved, the Authorized Agent for any/either of the dissolving units can submit the form.
To access this form, visit the Employer Access area on IMRF's website (www.imrf.org).