10311 Grand Ave, Franklin Park, IL 60131
Call: 847-455-6016 Text: 847-220-4616 Fax: 847-455-6416
M-Th: 9-9 F-Sat: 9-5 Sun: 1-5
10311 Grand Ave, Franklin Park, IL 60131
Call: 847-455-6016 Text: 847-220-4616 Fax: 847-455-6416
M-Th: 9-9 F-Sat: 9-5 Sun: 1-5
Public Act 97-609 amended the Open Meetings Act [5 ILCS 120], effective 1 January 2012, for employers that participate in the Illinois Municipal Retirement Fund (IMRF). The amendment requires employers to identify those employees with a "total compensation package" equal to or greater than (1) $75,000 and (2) $150,000. The term "total compensation package" is defined to mean "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."