Illinois Municipal Retirement Fund. During the term of this Agreement, qualifying employees covered by this Agreement, shall participate in the Illinois Municipal Retirement Fund (IMRF) in accordance with and subject to the provisions within the Illinois Pension Code governing the IMRF, and the applicable rules and regulations related thereto. During the term of this Agreement, the City agrees to continue the election of a minimum one- thousand (1,000) hours per year standard for participation in the IMRF so long as that option remains available under the IMRF program.
Illinois Municipal Retirement Fund. All employees under this contract who work 1000 hours or more per year are required to be a member of the Illinois Municipal Retirement Fund. This retirement plan is partially funded by the City of Batavia.
Illinois Municipal Retirement Fund. In addition to the annual salary stated in paragraph A.1 of this Contract, the Board shall pay the Executive Director’s full-required contribution up to the amount required as of the date of the execution of this Contract to the Illinois Municipal Retirement Fund (“IMRF”). The Executive Director shall not have any right or claim to said amounts contributed by the Board on his behalf, except as they may become available at the time of retirement or resignation from IMRF. Both Parties acknowledge that the Executive Director did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the IMRF, and further acknowledge that such contributions are made as a condition of employment to secure the Executive Director’s future services, knowledge and experience.
Illinois Municipal Retirement Fund. All cafeteria employees employed more than six hundred (600) hours are eligible to participate in the Illinois Municipal Retirement Fund with deductions made according to earnings and established percentage by the Illinois Municipal Retirement Fund and the percentage the BOARD is required to contribute to the Illinois Municipal Retirement Fund. If an employee retires between age 62 and 65, the BOARD will pay the premium for health, hospitalization and major medical insurance for the employee until the employee is eligible for Medicare or age qualified for Medicare or elects alternative insurance coverage in accordance with Article XIV of this AGREEMENT.
Illinois Municipal Retirement Fund. Employees must participate in the Illinois Municipal Retirement Fund ("IMRF") according to IMRF guidelines unless they are sixty (60) years of age or older and have not previously been subject to the IMRF. Contributions to the IMRF are made by the County and the employee. Contributions begin with the first day of covered employment. A disabled employee, who is under the age of sixty-five (65) and has contributed to the IMRF for at least one (1) year immediately preceding the date of disability, may be entitled to receive disability payments from the IMRF following the initial thirty (30) calendar days of disability. To be eligible for IMRF disability payments, the disability does not necessarily have to result from a work-related incident. However, the employee may elect to use accumulated paid hours off (PHO) in lieu of benefits from IMRF.
Illinois Municipal Retirement Fund. In addition to the annual salary stated in paragraph A.1 of this Contract, the Board shall pay on behalf of the Chief Officer to the Illinois Municipal Retirement Fund (“IMRF”) the Chief Officer’s required contributions to said pension system. The Chief Officer shall not have any right or claim to said amounts, except as they may become available at the time of retirement or resignation from the pension system. Both Parties acknowledge that the Chief Officer did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the IMRF, and further acknowledge that such contributions are made as a condition of employment to secure the Chief Officer’s future services, knowledge and experience.
Illinois Municipal Retirement Fund. The employee’s contribution to the Illinois Municipal Retirement Fund (IMRF) shall be deducted from the employee’s pay.
Illinois Municipal Retirement Fund. In addition to the annual salary amounts stated in paragraph A.1 of this Contract, the Board shall pay, on behalf of the Chief Officer, the Chief Officer’s required member contributions to IMRF for Tier 2 members at the maximum rate of 4.5% on all reportable compensation. If the required member contribution rate exceeds the limits mentioned herein, such additional contributions shall be withheld by the Board from the Chief Officer’s salary set forth in paragraph A.1 and shall be contributed to IMRF by the Board on behalf of the Chief Officer. The Chief Officer does not have the right to any contribution amounts that would have been contributed to the IMRF but for the limit imposed for Tier II members. Further the Chief Officer shall not have any right or claim to said amounts contributed by the Board on the Chief Officer’s behalf, or any refunds of same to the Board by IMRF, except as they may become available at the time of retirement or resignation, including but not limited to the right to claim any refund of any overpayment to IMRF. Both Parties acknowledge that the Chief Officer did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the IMRF, and further acknowledge that such contributions are made as a condition of employment to secure the Chief Officer’s future services, knowledge and experience.
Illinois Municipal Retirement Fund. It is mandatory that every EOPA bargaining unit member participate in the Illinois Municipal Retirement Fund. This is a percentage deduction which is withheld from an EOPA member’s pay check every pay period. The Employer also contributes to this pension plan.
Illinois Municipal Retirement Fund. From the annual salary stated in paragraph A.1 of this contract, the Board shall deduct and pay on behalf of the Administrator to the Illinois Municipal Retirement Fund (“IMRF”) the Administrator’s required contributions to the pension system on all reportable earnings. The Administrator shall not have any right or claim to these amounts, except as they may become available at the time of retirement or resignation from IMRF. Both parties acknowledge that the Administrator did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to IMRF, and further acknowledge that such contributions are made as a condition of employment to secure the Administrator's future services, knowledge and experience.
