Total Compensation Report  
Compensation and Benefits Public Act 97-0609

Public Act 97-0609 became effective January 1, 2012. This act amends the Illinois Open Meetings Act and the Illinois Pension code and established new requirements for the Illinois public bodies. Among the law’s requirements are the following:  

1.  All IMRF employers must post, within 6 days of the approval of a budget, the total compensation package for each employee having a total compensation package that exceeds $75,000 per year; and

 2. Any IMRF employer that approves an employee’s total compensation package equal to or in excess of $150,000 per year must post on its website, at least 6 days before approval, the total compensation package for that employee.

“Total compensation package” for purposes of the Act means “payment by the employer to the employee for salary, health insurance, a housing allowance, a vehicle allowance, bonuses, loans, vacation days granted, sick days granted.”

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