Annual Compensation Disclosure Statement

On August 26, 2011, Governor 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 6 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 6 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" means 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.

"The Transparency in Coverage final rule, released on 10/29/20, requires health plans and carriers to publicly disclose pricing information via machine-readable files (MRFs). MRFs are intended for third party technology developers, as they are written in computer code, not English.

Listed below is the URL for NSEBC’s MRFs.

https://www.bcbsil.com/asomrf?EIN=363527914"