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Committee discusses changing IMRF calculation to pretax wages; resolution to be drafted for next meeting
Lee County Finance Committee · November 14, 2025
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Summary
Members discussed moving IMRF reporting from a post-tax to a pretax wage basis to equalize retirement calculations across employees; staff estimated a modest budget impact and will draft a resolution to be considered with a proposed effective date of Jan. 1, 2026.
County financial staff presented a proposed change to how the county reports wages to the Illinois Municipal Retirement Fund (IMRF). Under the proposal the county would change IMRF reportable wages from a post-tax basis (deducting employee insurance premiums before reporting) to a pretax…
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