Financial security during the retirement years is very important.  We are living longer in retirement and increasing health care costs continue to make planning for our future retirement years even more important.

Full-time village employees participate in the Illinois Municipal Retirement Fund (IMRF) pension plan or sworn employees participate in the Police Pension plan.  In addition to the municipal or police pension plans, full-time employees may elect to save for retirement through available voluntary 457(b) retirement savings plan options.

Voluntary Retirement Incentive Program (VRIP)
The Village of Orland Park is offering 2 Voluntary Retirement Incentive Programs during the period June 30, 2018 through June 30, 2020.  Eligible employees for these programs received program information on June 7th through their department directors. Information sessions were held on June 14, 2018.
  • Voluntary Retirement Incentive Program June 30, 2018 through June 30, 2019
  • IMRF ERI with Voluntary Retirement Incentive Program June 30, 2019 through June 30, 2020
  • VRIP Information Session Presentation
  • VRIP State and Federal Benefit Decline Packet