Required Postings for the IMRF and Participating Municipalities
In 2019, Governor
Pritzker signed Public
Act 101-0504 into law, which amends part of the Illinois
Pension Code. Effective July 1, 2020, the new law certain website posting requirements for the Illinois
Municipal Retirement Fund (IMRF) and for municipalities.
Of most interest to municipalities is the new requirement that municipalities with a website post a link to the IMRF “Employer Cost & Participant Information” webpage on their websites. Although the law became effective July 1, 2020, this website posting requirement does not take effect until January 1, 2021. The law also makes it clear that it does not require a municipality to establish or maintain a website.
The law also requires the IMRF
to post information on its website that includes: (1) copies of resolutions adopted by
municipalities on or after January 1, 1995 to participate in the IMRF; (2) an
annual report detailing the date that municipalities participating in the IMRF
first became a municipality; and (3) all documents pertaining to each
participating municipality’s annual projected future contributions and past
required contributions. The lIMRF is not required to
post information on its website that would be exempt under the Illinois
Freedom of Information Act.
Post Authored by Eugene Bolotnikov, Ancel Glink
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