Highlights of the December 17, 2010
Board of Trustee Meeting

• Outgoing Employee Trustee Max Bochmann honored with resolution
• Board certifies election results
• 2011 Board Officers
• Legislative Update
• Board adopts 2011 meeting schedule
• Board appoints 2011 consultants
• New IMRF employer
• Next meeting

Outgoing Employee Trustee Max Bochmann honored with resolution
The Board honored outgoing Employee Trustee Max Bochmann who is leaving the Board of Trustees after serving as an Executive Trustee since 2000. Fellow Board members adopted a resolution honoring Bochmann.

An excerpt from the resolution honoring Bochmann:

WHEREAS, during his time as an Employee Trustee, Max F. Bochmann supported many improvements to IMRF including developing and implementing IMRF’s Strategic Plans, applying for and receiving a Lincoln Award for Commitment to Excellence, implementing a Continuous Process Improvement Program, redesigning the Member Statement of Account, and making personalized pension estimates available to our members via the secure Member Access area of our web site.

Board certifies election results
The Board certified the results of the recent trustee elections:

IMRF will conduct one Executive Trustee Election in 2011. Details of this upcoming election will be published on this web site.

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2011 Board Officers
The Board approved the following 2011 officers:

• President: Martha H. Rademacher
• Vice President: Marvin R. Shoop, Jr.
• Secretary: Gwen Henry

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Legislative Update

IMRF Legislative Liaison Bonnie Shadid reported on the following:

• Senate Bill 550, the trailer bill that made the technical clean-up changes to Public Act 96-0889 (the pension reform bill) passed both chambers unanimously and is waiting the governor’s signature.
  
  
• Senate Bill 3538, which creates a second tier for Chicago and downstate police and fire plans and IMRF SLEP participants, passed both chambers. The bill is effective January 1, 2011. The Governor has not indicated, however, whether he will sign the bill.
  
  
• Senate Bill 1716, which creates civil unions in the state, was passed by both chambers. The bill allows civil union partners to receive the same benefits as spouses anywhere in the Illinois statutes. For IMRF purposes, this bill will allow civil union partners to receive surviving spouse benefits in the same manner as spouses currently receive and is effective June 1, 2011. The bill applies to both same and opposite gender partners. The Governor, a major proponent of the legislation, is expected to sign the bill at a bill-signing ceremony in early January.

The House is scheduled to return to Springfield on January 3rd and be in session through the 11th to finish out the 96th General Assembly. In contrast, the Senate is scheduled to return only for January 4th through the 6th.

The 97th General Assembly will begin on Wednesday, January 12th, with the inauguration scheduled for noon on that day.

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Board adopts 2011 meeting schedule

The Board adopted its 2011 meeting schedule. All meetings will be held on a Friday and will begin at 9 a.m (except for the May and November, 2011 meetings, which will begin at 9:30 a.m.).

• January 28
• February 25
• March 25
• April 29
• May 20
• June 24
• July 22
• August 26
• September (Roundtable and Board meeting) 23 and 24
• October 28
• November 17
• December 16

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Board appoints 2011 consultants
The Board appointed the following consultants for 2011

• Actuary: Gabriel, Roeder, Smith & Co. (Brian Murphy)
• Fiduciary Counsel: Seyfarth & Shaw, LLP (Larry Moss)
• Internal Auditor: BIK & Co, LLP (Doug Samz)
• Medical Consultant/Physical Medicine: Marionjoy Medical Group
• Medical Consultant/Psychiatry: Leonard Kessler, M.D. and Rachelle Miller, M.D

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New IMRF employer
The Board confirmed the participation of the following unit of government:

Monroe County Road District #10

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Next Board meeting

The next monthly Board meeting will be held at 9:00 a.m. on Friday, January 28, 2011.

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