Employee Compensation and Benefits

Employee Compensation Reports

Employee Contracts

Village Manager Employment Agreement
Police Chief Employment Agreement

Illinois Municipal Retirement Fund

The Illinois Municipal Retirement Fund's (IMRF) mission is to efficiently and impartially develop, implement, and administer programs that provide income protection to members and their beneficiaries on behalf of participating employers in a prudent manner. IMRF was created in 1939 by the Illinois General Assembly and began operating in 1941 with 5 original employers and $5,000 in assets. Since 1941, IMRF has provided employees of local governments and school districts in Illinois with a sound and efficient system for the payment of retirement, disability, and death benefits. Today IMRF serves almost 3,000 employers and has approximately $41 billion in assets while it works towards is goal of being 100% funded.
IMRF Employer Cost and Participation

Police Pensions

Hampshire Police Pension Board of Trustees

The Hampshire Police Pension Board of Trustees is established as a separate entity from the Village to administer the police pension fund, as prescribed by state law, for the benefit of the Village's police officers and of their surviving spouses, children, and certain other dependents.

Illinois Police Officers' Pension Investment Fund

On December 18, 2019, the State of Illinois enacted Public Act (P.A.) 101-0610, consolidating the assets of the state’s more than 650 downstate and suburban public safety pension funds into two consolidated investment funds, one for police officers (Article 3) and one for firefighters (Article 4), which will improve investment returns, eliminate unnecessary and redundant administrative costs, ensure more money is available to fund pension benefits and reduce the burden on local taxpayers. Find more information about this investment fund through resources provided by the IML.

Americans with Disabilities Act Information

ADA Coordinator - Lori Lyons, Finance Director