Section 6 - IMRF

Member Accounts / Past Service / Employer Resolutions / SECTION 6
Illinois Municipal Retirement Fund
iii.
Member received a discharge that does not qualify for veteran’s benefits, such as a
dishonorable discharge.
d. Eligible military service
Eligible members are able to purchase the following military service and convert it to IMRF service:
i. Regular service in the United States Armed Forces
ii.
iii.
iv.
Reserve duty (active or inactive)
National Guard duty (active or inactive)
Public Health Service commissioned duty
e. Ineligible military service
The following service cannot be converted to IMRF service:
i. Peace Corps work
ii.
ROTC
f. Member application process
A member must apply in writing by completing Form 6.02J, “Application for Military Service Credit,”
and attaching a copy of his or her DD Form 214 (Armed Forces of the United States Report of
Transfer or Discharge).
g. Online spreadsheets to estimate member and employer costs
The cost to the member of converting military service to IMRF service varies widely depending on
when the military service occurred, when the member began IMRF participation, and the member’s
salary upon participation.
IMRF has developed spreadsheets that allow you to estimate the total cost for this program, the
member cost, and the resulting difference which is the employer cost. The incremental employer costs
are paid through future employer contribution rates.
To download these Excel spreadsheets, visit www.imrf.org/legislation/PA_95-0486.htm. Employers
without web access can contact IMRF and receive a copy of the spreadsheets. You will need Microsoft
Excel installed on your computer to use these spreadsheets.
h. Member costs
The cost of military leave to the member varies widely depending on when the military service
occurred, when the member began IMRF participation, and the member’s salary upon participation.
The member’s first IMRF salary is to be used in the calculation of member costs, assuming the
member did not take a refund. If the member took a refund, IMRF uses the first salary as of the
member’s most recent uninterrupted IMRF participation date.
The member pays:
The member contributions in effect at the time of the military service. Contributions are based on
the member’s salary when he or she first began participating in IMRF (see paragraph above),
Plus: Employer “normal cost” contributions (“normal cost” is the rate which would have been
required to fund pension benefits if the member had remained in IMRF until an assumed
retirement age.)
Plus: Interest from the beginning of the member’s first IMRF participation date to December 31 st
of the year prior to the date of payment. (Currently, the interest rate is 7.50%.)
The member may purchase the service credit in a lump sum or on a payment plan. Refer to Paragraph
6.40 C. Member Application and Payments for details.
Page 246 January 2014