Get email alerts on the Personnel topic
No spam. Unsubscribe anytime.
Board approves Resolution 2026-01 to include IRC Section 125 compensation as IMRF earnings
Summary
On a unanimous voice vote, the Village Board adopted Resolution 2026-01 to treat compensation paid under an IRC Section 125 plan as IMRF‑reportable earnings. The measure passed with Trustee Ziegler absent.
President Block asked for approval of Resolution 2026‑01 to include compensation paid under an IRC Section 125 plan as IMRF earnings. Trustee Fruit moved adoption; the measure passed on a voice vote with all present trustees voting in favor and Trustee Ziegler absent.
The resolution amends the village's IMRF reporting practices to treat certain pre‑tax or employer‑paid benefits under IRC Section 125 as reportable earnings for IMRF contribution and benefit calculation purposes. No dissent was recorded at the meeting.
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.
