IMRF PA97-0609 Reporting

Public Act 097-0609, (4 ILCS 120/7.3), requires employers participating in the Illinois Municipal Retirement Fund to post the total compensation package for each employee having a total compensation package that exceeds $75,000.00 per year. "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.