4.20 IMRF Reporting: Overview

Employers must report IMRF wages as well as 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. and employer A unit of government that joins IMRF. IMRF contributions on a monthly basis for each IMRF member employed. Both employer-paid member and employer IMRF contributions must be deposited with IMRF monthly.

IMRF considers the failure to timely remit member contributions Members who participate in the Regular Plan contribute 4.50% of salary toward a future IMRF pension: 3.75% for the member and 0.75% for a surviving spouse pension. Members who participate in the SLEP plan contribute 7.50% of salary (on and after June 1, 2006) toward a future SLEP pension: 6.75% for the member and 0.75% for a surviving spouse pension. Before June 1, 2006, SLEP members contributed 6.50 percent of salary; 5.75 percent for the member and 0.75 percent for a surviving spouse pension. Members in the ECO plan contribute 7.50 of salary toward a future ECO pension: 6.75% for the member and 0.75% for a surviving spouse pension. to be a serious offense.

4. 20 A Cash Basis

IMRF wage reporting is on a cash basis.  This means that wages are reported to IMRF for the month and when they are paid to the member.  It does not matter when the wages were earned or when the obligation to pay the wages accrued.

Instructions for reporting IMRF wages and contributions follow:

1. Due Dates for IMRF Deposits and Reports

2. Interest Charges on Unpaid Contributions and Adjustments

3. Monthly Employer Statement and Reporting of IMRF Deposits on Web

4. Monthly Reporting of Member Wages and IMRF Contribution Detail

5. Methods of Reporting Monthly IMRF Wages and Contributions: Specific Guidelines