4.16 C. IMRF and Social Security/Medicare Reporting Under the 414(h) Tax Deferral Plan

Use gross wages for reporting IMRF earnings to IMRF. The IMRF and contributions should be calculated on the gross amount. For information on reporting Social Security wages, refer to Section 9.

Example:

A member An employee who works in a position not excluded from IMRF coverage and whose position meets the annual hourly standard for IMRF coverage. For the purposes of an Authorized Agent submitting a petition or casting a ballot in an executive trustee election, an active member also includes an employee receiving an IMRF pension and working in position that does not qualify for IMRF participation or one that provides the employee the option of participating in IMRF, e.g., elected office. who earned $500 in a month would have $500 reported to IMRF as earnings with Regular plan contributions of $22.50 (4.50% of $500).

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