7.23 B. Impact on Employer ERI Rate If Member Has Concurrent IMRF Employers

If 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. participates with more than one IMRF employer A unit of government that joins IMRF., the employer cost for the 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). is determined as follows:

1. If one employer adopts ERI and the other does not, the employer adopting ERI bears the entire cost of the ERI.

2. If both employers adopt ERI, both employers will share the cost proportionately based on years of service credit and salary.

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