TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS
CHAPTER III: TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS
PART 1650 THE ADMINISTRATION AND OPERATION OF THE TEACHERS' RETIREMENT SYSTEM
SECTION 1650.180 FILING AND PAYMENT REQUIREMENTS


 

Section 1650.180  Filing and Payment Requirements

 

a)         All employers are required to forward member contributions and amounts required under [40 ILCS 5/16-158(c)] to the System after the close of each pay period or bi-monthly, if a State Institution, and to file an annual report of earnings with the System on or before August 15 of each year.  Failure to forward contributions or to file reports shall result in additional amounts due as prescribed by Section 16-155 of the Illinois Pension Code (the Act) [40 ILCS 5/16-155].

           

b)         The employer's annual report of earnings shall be properly completed and report creditable earnings in accordance with applicable laws and rules.  Any report failing to materially conform with this requirement shall be returned to the employer and shall not be deemed received until properly corrected and returned to the System.

           

c)         Employers are required to file the report via the System's web-based annual automated reporting system.

 

d)         All contributions and payments required to be remitted to the System by participating employers shall be forwarded to the System via electronic means.

 

(Source:  Amended at 35 Ill. Reg. 2788, effective January 25, 2011)