Get email alerts on the Personnel Pensions topic
No spam. Unsubscribe anytime.
Kirkland board approves three IMRF-related resolutions affecting reported earnings
Summary
Trustees unanimously approved Resolutions 2026‑01, 2026‑02 and 2026‑03 to treat certain pre‑tax benefits, cash payments in lieu of insurance, and taxable allowances as IMRF‑reportable earnings per the items presented.
At the May 4 meeting the Village Board approved three resolutions that change what counts as earnings for Illinois Municipal Retirement Fund (IMRF) reporting. President Block introduced Resolution 2026‑01 to "Include Compensation Paid Under an IRC Section 125 Plan" as IMRF earnings; Trustee Fruit moved the resolution and trustees approved it by voice vote.
The board then approved Resolution 2026‑02, to "Include Cash Payments in Lieu of or Related to Health Insurance as IMRF Earnings," and Resolution 2026‑03, to "Include Taxable Allowances as IMRF Earnings Enterable." Each motion received a second and passed by voice vote with Trustee Ziegler absent. The resolutions change how certain benefit and allowance payments are treated for pension/IMRF contribution calculations and will be recorded in village personnel and payroll procedures going forward.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
