IMRF would like to thank former Trustee Tracie Mitchell for her service on the IMRF Board of Trustees. Tracie served as Employee Trustee from January 2021 to April 2023. Tracie became ineligible to serve as Trustee after recently leaving her IMRF-participating employer. “We appreciate Tracie’s investment of time and energy and her dedication during her term on the Board,” said Brian Collins, IMRF Executive Director. “We wish Tracie well in her new position.”
During her time on the Board, Tracie was Vice Chair of the Benefit Review Committee and served on the Investment, Audit, and Legislative committees. She took part in the approval of the new 2023 - 2025 IMRF Strategic Plan. During Tracie’s tenure, IMRF’s actuarial funded status increased from about 94% to more than 98%.
The vacant Employee Trustee position will be up for election this fall. If you participate in IMRF and will be vested as of December 31 of this year, you can be nominated to run for Employee Trustee. Interested, eligible candidates are encouraged to visit www.imrf.org on June 30 to download a candidate packet.
The Function of the IMRF Board
The IMRF Board of Trustees is responsible for the prudent management of IMRF's retirement assets, and for making sure the money is there to pay the benefits earned by every IMRF member and beneficiary, now and for years to come. Ultimately, the Board is responsible for ensuring IMRF continues to be a well-run, successful pension fund.
An eight-member Board of Trustees governs IMRF. The Board is made up of:
- four Executive Trustees elected by participating units of government,
- three Employee Trustees elected by participating IMRF members, and
- one Annuitant Trustee elected by IMRF annuitants.
The IMRF Board of Trustees meets at least four times a year for its full Board meeting and may meet monthly as needed. The Board is also divided into committees to address different areas of the business, and Board committees meet as needed. Board members serve five-year staggered terms. They serve without compensation.