Does an IMRF qualify as an IRA for tax purposes?

[RichardG]

I assume you're referring to the Illinois Municipal Retirement Fund.  These public pension plans usually do not offer IRA accounts.  However, your contributions to the plan may qualify for the retirement savings credit. 

[sharonk52122]

Yes, It's an additional fund that functions as an IRA. It's separate from our pension.

[RichardG]

In that case treat your contributions as IRA contributions.

[sharonk52122]

Thank you

[popa1125]

I need to know is this a qualified retirement plan? yes or no

[DMarkM1]

If it is an IRA account then it is qualified.  The main difference between qualified and non-qualified plans is the qualified plan has pre-tax contributions and/or some kind of tax deferred mechanism.  Non-qualified plans are after-tax.  Here is a link with more discussion on the other differences.  

[dmertz]

A retirement plan provided by IMRF is generally a qualified retirement plan but it is certainly not an IRA.