Total Compensation Disclosure Statement

Open Meetings Act: Public Act 97-609 amended the Open Meetings Act [5 ILCS 120], effective January 1, 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."

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You may view the Total Compensation Disclosure statement online.

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