| Topic: | Employers |
| Subtopic: | Interest Charges: Employer Reporting Errors |
| Date: | 1/24/1990 |
| Status: | Active |
Interest charges on Employer Account balances due to reporting errors.
- Interest which accrues automatically because of an error made by IMRF staff will be removed from the employer account.
- Interest which accrues automatically because the employer’s check or checks have gotten lost will be removed from the employer account when the employer sends us evidence that a stop payment on the checks has been issued.
Interest which accrues automatically because the employer has made an error in calculating the contributions due or sending the correct amount of contributions will not be removed from the employer account.