Board Resolution 2015-11-14(d)

Meeting room

Topic: Employers
Subtopic: Municipality Accounts Receivable
Date: 11/20/2015
Status: Active

WHEREAS, section 7-198 of the Illinois Pension Code authorizes the Board of Trustees of the Illinois Municipal Retirement Fund to establish rules necessary or desirable for the efficient administration of the Fund; and

WHEREAS, section 7-172.1 of the Pension Code provides the methods by which the Fund may collect delinquent employer contributions; and

WHEREAS, it is appropriate that the Board of Trustees adopt procedures for collection of delinquent contributions.

THEREFORE BE IT RESOLVED that municipalities and participating instrumentalities with delinquent account receivable balances will be informed of their obligation to pay employee and municipal contributions with each payroll report;

Municipalities and participating instrumentalities with delinquent balances for 30 days or more will be notified of the IMRF delinquent employer collection process under section 7-172.1;

The Executive Director is authorized to institute the appropriate legal action under section 7-172.1 against municipalities and participating instrumentalities which do not make satisfactory arrangement for payment of delinquent balances.