Reminder: IMRF Website Posting Requirements Deadline of January 1, 2021
Earlier this year, we wrote about Public Act 101-0504, which amended the Illinois Pension Code. This new law requires certain website posting requirements for the Illinois Municipal Retirement Fund (IMRF) and participating municipalities.
Municipalities participating in the IMRF that maintain a website must post a link to the IMRF’s “Employer Cost & Participation Information” webpage on their websites by no later than January 1, 2021. Participating municipalities are encouraged to add this link to their websites before January 1, 2021. Notably, the new law does not require participating municipalities without a website to maintain or establish a website.
The IMRF has also already started posting information required by the new law on their website regarding municipalities’ participation in IMRF. This information includes resolutions adopted by a municipality to participate in IMRF on or after January 1, 1995, an annual report listing the date each municipality first began participating in the IMRF, and documents pertaining to each municipality’s annual projected future contributions and past-required contributions. The IMRF is not required to post information on its website that would be exempt under the Illinois Freedom of Information Act.
To read our prior post on this new law, please click HERE.
Post Authored by Eugene Bolotnikov, Ancel Glink
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