Retirement

Thinking about retirement?

Review Your Benefits Upon Retiring which summarizes:

  • Health/Dental Insurance

  • Pension Plans

  • Life Insurance

  • Termination Payments

  • Deferred Compensation

  • Flexible Spending

  • Final Paycheck

  • Vantage Care RHS (Retiree Health Savings Plan)

If you are leaving City employment but not retiring, get information about your various benefits here.

 

Important Health/Dental Insurance Links

IMRF Videos on Endorsed Insurance Plans and Medicare Supplements

IMRF Endorsed Insurance Plans

City Insurance Premiums 2021

Important Pension Links

IMRF Retirement Checklist

IMRF Return to Work after Retiring

Sworn Police & Fire - Please contact your Pension Reps

Medicare Information

Link to apply for Medicare

​Medicare Checklist

Medicare Part B

Common Retirement Questions

How do I pay for insurance premiums?


Your retirement packet will include an Insurance Election Form which gives the option to have insurance premiums deducted from your paycheck, pay by personal check, or decline staying on City insurance. If you participated in the RHS (Retirement Health Savings), that account can be used for insurance premiums as well as other out of pocket eligible medical expenses after retirement. You will recieve forms after retiring on utilizing those funds.




How much are my payouts?


Finance can give an estimate - however this is an estimate only. Contact Mark Krygeris at krygerim@cityoflakeforest.com or call 847-810-3617




How much notice do I have to give?


The curtosy of giving notice varies by section. Speak with your department or contact HR to discuss.




Will I need documentation for applying for IMRF pension?


Documents you'll need to provide to IMRF:

  • Birth Certificate
  • Marriage License (if applicable)
  • Divorce Decree (if applicable)