General Memo 626


Open Meetings Act: Posting total compensation packages

June 15, 2012

Effective January 1, 2012, all IMRF employers must post the total compensation package for employees whose compensation package exceeds $75,000 per year. This posting is required within six business days of approval of the budget. It is a provision of P.A. 97-0609, which defines “total compensation package” as payment by the employer to the employee for salary, health insurance, housing allowance, vehicle allowance, clothing allowance, business loans, vacation days granted, and sick days granted.

This posting requirement is found in the Open Meetings Act, and not the Illinois Pension Code. IMRF developed a simple Excel spreadsheet we will use to meet this new posting requirement. As a courtesy, we are making the spreadsheet available to our employers.

Please note: this partially completed spreadsheet is a suggested framework only and can be modified by the employer for its own use. In addition, this spreadsheet:

If an employee’s pay package—when considering all forms of compensation—exceeds $75,000, that employee should be included in the posting.

Download the spreadsheet here.


IMRF first announced P.A. 97-0609 in General Memo 620. However, IMRF is not the ultimate authority on the implementation of posting employee compensation.

Questions about this new requirement under the Open Meetings Act should be directed to the Public Access Counselor at the office of the Illinois Attorney General (