Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 17-577    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 6/19/2017 Final action: 6/19/2017
Title: A Resolution Appointing the Village of Oak Park's Illinois Municipal Retirement Fund Authorized Agent
Attachments: 1. Resolution IMRF Authorized Agent 060717

Submitted By                     

Julia Scott-Valdez: Assistant Village Manager Human Resource Director

 

Reviewed By

LKS

 

Agenda Item Title

Title

A Resolution Appointing the Village of Oak Park’s Illinois Municipal Retirement Fund Authorized Agent

 

End

Overview

Overview

Village of Oak Park employees who work more than 1000 hours a year participate in the IMRF pension program.  The plan requires an authorized agent to sign documents and administer those aspects for the benefit that are the responsibility of the Village.

 

Body

Staff Recommendation

It is recommended that the Director of Human Resources assumes the responsibility of authorized agent for IMRF.

 

Fiscal Impact

N/A

 

Background

The responsibility associated with the authorized signature for IMRF typically falls to a senior manager in the Human Resource Department.  By default, the CFO had assumed the responsibilities in Oak Park.  Moving the signature authority to HR Department will streamline the approval and document management process. 

 

Alternatives

Maintain status quo

 

Previous Board Action

N/A

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

. 

 

Intergovernmental Cooperation Opportunities

NA.

 

Performance Management (MAP) Alignment

NA.