FY 2013-2014 Compensation Report
On August 26, 2011, Gov. Pat Quinn signed Senate Bill 1831 (Public Act 97-0609). This law makes several changes to the Illinois Municipal Retirement Fund (IMRF) statute and amends the Open Meetings Act.
Effective January 1, 2012, within six days of approving its budget, an IMRF employer must post the total compensation package for each employee receiving a total compensation package that exceeds $75,000 a year.
At least six days before an IMRF employer approves an employee’s total compensation package that will equal or exceed $150,000 a year, the employer must post the total compensation package for that employee.
For this statute, “total compensation package” is defined as salary, employer-paid health insurance premiums, housing allowance, vehicle allowance, clothing allowance, bonuses, loans, vacation days which will be earned in that year and sick days which will be earned in that year.
Source: Illinois Municipal Retirement Fund General Memorandum #620, August 31, 2011.
The Addison Public Library Board of Trustees approved a budget for FY 2013-2014 on April 16, 2012.
Total Compensation greater than $75,000
Total Compensation greater than $150,000 - NONE