Peter J. Stefan
Present Position
Finance Director/Treasurer, Village of Lake in the Hills
Length of Service
Finance Director/Treasurer, Village of Lake in the Hills from 2021 to Present; Finance Director, DeKalb County from 2013 to 2021; Finance Director/Treasurer, Village of Lake in the Hills from 1998 to 2013; Finance Director, City of Wood Dale from 1992 to 1998; Accountant, City of Wood Dale from 1988 to 1992
Duties
I manage the Village’s investment portfolio (~$52.5 million); serve as Treasurer for the Police Pension Fund (~$57.5 million/94% funding level); have extensive involvement in preparing/managing the annual budget (~$75 million); develop funding plans for capital improvement projects such as our $27 million Police Facility; and coordinate the annual audit process.
Other Pertinent Information
IMRF member for 37 years, 33 years as Finance Director, plus 5 years as an IMRF Trustee including Board President in 2024. My operational goal is to restore IMRF's customer service levels back to the levels IMRF employers and members deserve. My legislative goal is to ensure that legislators are keenly aware of the cost savings provided to employers when Tier 2 was created and the cost increases employers will experience if concessions are made in expanding Tier 2 benefits.