Highlights of the December 16, 2011
Board of Trustee Meeting

• Trustees Shoop and Rademacher honored
• Board certifies results of Executive Trustee Election
• New Board officers elected for 2012
• 50-year Actuarial Projection and Triennial Experience Study
• April Board meeting set for Springfield
• Next Board meeting

Trustees Shoop and Rademacher honored

The IMRF Board of Trustees adopted resolutions honoring outgoing President Marvin Shoop Jr., and Trustee Martha H. Rademacher.

Shoop joined the Board in 1995. During his tenure as an Employee Trustee, Shoop served as Board president, vice president, secretary, Benefit Review Committee chair, and Legislative Committee chair.

Rademacher joined the Board in 2002. During her tenure as an Executive Trustee, Rademacher served as Board president, vice president, secretary, Benefit Review Committee chair, Actuarial and Rate Committee chair, and Audit Committee chair.

Both Shoop and Rademacher thanked staff for its hard work and dedication to IMRF. The pair advised the Board to continue encouraging constant improvement throughout all aspects of the organization.

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Board certifies results of Executive Trustee Election

The Board certified the following results of the 2011 Executive Trustee Election:

Nannini is the Director of Finance/Treasurer for the City of Crystal Lake. His five-year term begins on January 1, 2012.

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New Board officers elected for 2012

The Board elected the following officers for 2012:

• Gwen Henry, President
• William Stafford, Vice President
• Natalie Copper, Secretary

Henry, an Executive Trustee, is the DuPage County Treasurer. Stafford, an Executive Trustee, is Chief Financial Officer of Evanston Township High School District 202. Copper, an Employee Trustee, is the School-age Child Care Site Coordinator for Dawes School in Evanston/Skokie School District 65.

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50-year Actuarial Projection and Triennial Experience Study

Consultant Gabriel Roeder Smith presented its 50-year Actuarial Projection and Triennial Experience Study. The report concluded that IMRF has weathered two significant economic downturns, and remains a very strong retirement system. Actuarial projections show that under foreseeable scenarios, IMRF can remain financially stable into the future. Based upon the Triennial Experience Study, the actuaries recommended several changes to IMRF’s actuarial assumptions, which the Board adopted.

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April Board meeting set for Springfield

The Board voted to hold its April Regular Meeting and Committee Meetings in Springfield. The Board Committee Meetings will be held Thursday, April 26, and the Regular Meeting will be held Friday, April 27. The meetings will be held in the Illinois State Library. The meetings coincide with the Board’s annual Springfield Drive-Down, which is set for Wednesday, April 25.

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Next Board meeting

The next monthly Board meeting will be held at 9 a.m. on Friday, January 27, 2012.

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