Elected Official & Employee Compensation
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In 2019, the Illinois General Assembly passed Public Act 101-0504. The law requires IMRF to post certain employer cost and participation information on its website. IMRF will update these reports annually. Public Act 101-0504 requires IMRF employers that have a website to include a link to this web page, no later than January 1, 2021.
IMRF Employer Cost and Participation Information web page.
Illinois Public Act 097-0609 (5 ILCS 120/7.3) requires that employers participating in the Illinois Municipal Retirement Fund post compensation information for designated employees as a part of the budget approval process.
Sec. 7.3. Duty to post information pertaining to benefits offered through the Illinois Municipal Retirement Fund.
(a) Within 6 business days after an employer participating in the Illinois Municipal Retirement Fund approves a budget, that employer must post on its website the total compensation package for each employee having a total compensation package that exceeds $75,000 per year.
(b) At least 6 days before an employer participating in the Illinois Municipal Retirement Fund approves an employee's total compensation package that is equal to or in excess of $150,000 per year, the employer must post on its website the total compensation package for that employee.
(c) For the purposes of this Section, "total compensation package" means payment by the employer to the employee for salary, health insurance, a housing allowance, a vehicle allowance, a clothing allowance, bonuses, loans, vacation days granted, and sick days granted.