TIER 2 EMPLOYEE CONTRIBUTIONS – REQUEST FOR REIMBURSEMENT – UPDATE

As a follow-up to the letter sent in June to certain Tier 2 members requesting reimbursement for missing employee pension contributions, the Fund is pleased to provide an update:  Contributions owed to the Fund will be paid directly out of their City salary via payroll deductions.  No interest will be assessed on these contributions.

Affected Tier 2 members should receive a updated letter similar to the one attached here from the Fund.  These members should also expect to receive an update directly from the City as it finalizes the process for facilitating the deductions.

Tier 2 members who have already submitted a payment to the Fund representing the missing contributions will be contacted by a Fund representative to discuss next steps.

Any Tier 2 member who receives a letter and has any questions can call the Benefit Calculations Group at the Fund at (312) 235-4597.