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HomeMy WebLinkAboutResolution #4095 - relating to participation by elected officials in the illinois municipal retirement fundA RESOLUTION RELATING TO PARTICIPATION BY ELECTED OFFICIALS IN THE ILLINOIS MUNICIPAL RETIREMENT FUND IMRF Form 6.64 (Rev. 03/12) (income tax information can be found on the reverse side of this resolution) PLEASE ENTER Employer IMRF I.D. Number 03332 RESOLUTION Number 4095 WHEREAS, the City of Canton EMPLOYER NAME is a participant in the Illinois Municipal Retirement Fund; and WHEREAS, elected officials may participate in the Illinois Municipal Retirement Fund if they are in positions normally requiring performance of duty for 1,000 hours or more per year; and 600 OR 1,000 WHEREAS, this governing body can determine what the normal annual hourly requirements of its elected officials are, and should make such determination for the guidance and direction of the Board of Trustees of the Illinois Municipal Retirement Fund;* NOW THEREFORE BE IT RESOLVED that the Council BOARD, COUNCIL, ETC. finds the following elected positions qualify for membership in IMRF. TITLE OF ELECTED POSITION Mayor Clerk Treasurer CERTIFICATION DATE POSITION BECAME QUALIFIED Cc - 2- 01-J Ia -lam- 2-CA I ta - �u - 2ci`t I, Diana Pavley -Rock the City Clerk NAME CLERK OR SECRETARY OF THE BOARD of the City of Canton of the County of Fulton EMPLOYER NAME COUNTY State of Illinois, do hereby certify that I am keeper of its books and records and that the foregoing is a true and correct copy of a resolution duly adopted by its Council BOARD, COUNCIJ at a meeting duly ,.fET.�. _,--I convened and held on the 16 of December DAY MONTH TURFCLERiCFWSECRETARY OF THE BOARD * Any person who knowingly makes any false statement or falsifies or permits to be falsified any record of the Illinois Municipal Retirement Fund in an attempt to defraud IMRF is guilty of a Class 3 felony (40 ILCS 511 -135). Illinois Municipal Retirement Fund 2211 York Road, Suite 500, Oak Brook, Illinois 60523 -2337 Member Services Representatives 1 -800- ASK -IMRF (1 -800- 275 -4673) IMRF Form 6.64 (Rev. 03/12) A RESOLUTION RELATING TO PARTICIPATION BY ELECTED OFFICIALS IN THE ILLINOIS MUNICIPAL RETIREMENT FUND INCOME TAX INFORMATION All elected officials eligible to participate in IMRF are considered active participants in an employer sponsored retirement plan under the Internal Revenue Code, even if the official does not elect to participate in IMRF, and are subject to the IRA deductibility limits imposed by law. Rescission of this resolution is not definite evidence under IRS regulations that these elected positions are no longer covered by an employer sponsored pension plan. DOCUMENTATION If requested by IMRF, the unit of government should be prepared to produce the documentation verifying that the hours required to perform the duties of the office meet or exceed the IMRF hourly standard. This documentation would include, but not be limited to: office hours, number of meetings held annually, preparation time for meetings, conferences, and other corroboration of the time required to perform the duties of the office. Time spent on -call or otherwise informally available to constituents does not count toward the IMRF hourly standard. Additionally, down -time spent travelling to meetings does not count toward the IMRF hourly standard. Illinois Municipal Retirement Fund 2211 York Road, Suite 500, Oak Brook, Illinois 60523 -2337 Member Services Representatives 1- 800 - ASK -IMRF (1 -800- 275 -4673) IMRF Form 6.64 (Rev. 03/12)