Last year, Governor JB Pritzker signed HB 3263, which is now Public Act 101-0504.
On July 1, 2020, the Illinois Municipal Retirement Fund (IMRF) began posting information on their website regarding municipalities’ participation in IMRF. This information includes, but is not limited to, resolutions adopted by a municipality to participate in IMRF on or after January 1, 1995, as well as all documents pertaining to each municipality’s annual projected future contributions and past-required contributions.
P.A. 101-0504 requires that municipalities, which participate in IMRF and have a website, provide a link to IMRF’s “Employer Cost & Participant Information” webpage. IML encourages participating municipalities that have a website to add this link to their municipal website as soon as possible, and prior to the January 1, 2021, posting requirement