3.96 Z. Loans To Employees - Interest Free Or Below Market Interest

Interest free loans or loans at interest rates below market are not considered IMRF earnings and are not reportable to IMRF.

Forgiven loans are also not reportable to IMRF.

IMRF Manual for Authorized Agents - 2022 (e-Ver. 5.1)	Coverage / Section 3 / Part III - Earnings for IMRF Purposes
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