IMRF "Employer Cost and Participation Information"
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 lMRF is not required to post information on its website that would be exempt under the Illinois Freedom of Information Act.