4.27 Paying Early Retirement Incentive Costs

If you want to submit a payment toward your employer’s Early Retirement Incentive (ERI The IMRF Early Retirement Incentive. At the employer's option, a member can purchase up to five years of service credit. For each period of service credit purchased, the member's age is increased accordingly. The member must be at least age 50 and have at least 20 years of service credit (can include Reciprocal service).) costs, submit the payment via First Data Government Solutions EFT pay-by-phone or pay online. The EFT system will allow you identify the payment as a payment toward your employer ERI cost.

Please note: an employer A unit of government that joins IMRF. cannot adopt later ERI programs until the cost of the previous ERI is paid in full. For more information on ERI, refer to 5.20 C. IMRF Early Retirement Incentive (ERI).