Title/Name/Summary
Resolution Relating to Termination of Participation by Village President in the Illinois Municipal Retirement Fund
History
Per a Village Trustee request, below please find information relative to termination of participation by the Village President in the Illinois Municipal Retirement Fund.
Resolution/Ordinance Chronology
Ordinance Number 9321, May 17, 1993 - The Village adopts the 1,000 hour IMRF Standard for employees and officials occupying offices or positions after May 17, 1993.
Resolution Number 0315, May 19, 2003 - IMRF Resolution that confirms that the Village Clerk, Village President and Members of the Board of Trustees work 1,000 hours or more per year.
Ordinance Number 5135, October 17, 2016 - Village President compensation increased to $150,000 per year (plus $3,000 per year as liquor commissioner).
Resolution Number 1722, August 21, 2017 - IMRF Resolution that reconfirms that Village Clerk, Village President and Members of the Board of Trustees work 1,000 hours or more per year.
Ordinance Number 5390, March 4, 2019 - Village President compensation reverts back to $40,000 per year (plus $3,000 per year as liquor commissioner) as of April, 2021. The recitals of the Ordinance also indicate that it is the expectation of the Village Board of Trustees that the Village President will devote his/her working hours annually equivalent to those of a part-time Village employee, and that the professional staff promote and facilitate economic development.
Resolution Number 1907, 1909, and 1910, May 20, 2019 - IMRF Resolution certifying that Village Trustees and Village Clerk no longer qualify for IMRF participation as a result of the decrease in the number of hours worked per year.
Resolution Number 1908, May 20, 2019 - IMRF Resolution certifying that the Village President will not qualify for IMRF participation effective May 3, 2021 as a result of the decrease in the number of hours that will be worked beginning with the new election term...
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