Board Resolution 2005-12-10(c)

Meeting room

Topic: Creditable Service
Subtopic: Omitted Earnings
Date: 12/15/2005
Status: Active

Whereas, section 7-198 of the Illinois Pension Code authorizes the Board of Trustees to establish rules necessary or desirable for the efficient administration of the Fund.

Now therefore be it resolved that:

Accounts may be adjusted to grant creditable service which was not established when service was performed provided that:

  1. Application is received when the member is in a participating status (contributing, receiving disability benefits, on seasonal leave) with any employers in the Fund or any reciprocal retirement system employers; and
  2. Eligibility for IMRF participation and earnings are verified by the authorized agent of the employer for which the service was rendered; and
  3. Payment of the member contributions, plus interest,* is made prior to payment of any benefits based on that service credit.

* Deleted by 2008-01-05(b)