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Committee hears proposal to credit Section 125 premiums to IMRF; staff to draft resolution for board action
Summary
LaSalle County staff presented a proposed change to allow employees' health-premium contributions under a Section 125 plan to be reported to Illinois Municipal Retirement Fund (IMRF). Staff will prepare a formal resolution and counsel will review before the full board sees the item.
County staff presented a proposal to allow employees who participate in a Section 125 premium-contribution arrangement to have those tax-sheltered benefit premiums reported as eligible wages to the Illinois Municipal Retirement Fund (IMRF). The committee asked staff to prepare a formal resolution for committee and full-board consideration.
Julie (staff member) described the program and said IMRF staff indicated the change was allowable if the board adopted a resolution. "The…
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