Board Resolution 1990-11-16

Meeting room

Topic: Employers
Subtopic: Employer Participation in IMRF: Employer Cost Studies
Date: 11/16/1990
Status: Active

Cost Estimates for Units of Government Considering IMRF Participation (Voluntary)

To assist local officials in making an informed decision concerning IMRF participation and to ensure that the actuarial soundness of the Fund will not be impaired by approval of participation by the applicant, all prospective employers inquiring into IMRF participation must have a cost study performed as part of the application process if prior service would be established for current employees.