Board Certifies Election Results
The IMRF Board of Trustees certified the results of the 2015 Board Elections.
The winning candidates included:
- New Employee Trustee Trudy Williams of Canton
- Re-elected Employee Trustee John Piechocinski of Plainfield
- Re-elected Annuitant Trustee Sharon U. Thompson of Dixon
Current Executive Trustee Gwen Henry will retain her seat after running unopposed in the election. The Board certified Henry as the winner in September.
See General Memorandum 658 for additional details.
Board Thanks Outgoing Trustee for Service
The Board passed a resolution honoring outgoing Employee Trustee Jeffery A. Stulir for his service to IMRF’s membership.
Click here to learn more about his many contributions to IMRF.
Board Elects Officers for 2016
The Board elected the following officers for 2016:
- Tom Kuehne, Board President
- Sue Stanish, Board Vice President
- Natalie Copper, Board Secretary
Learn more here about your IMRF Board of Trustees.
Board Approves 2016 Consultants
The Board approved consultants to the Board for 2016. They include:
- Gabriel, Roeder, Smith & Co. (Actuarial Services)
- Seyfarth Shaw, LLP (Fiduciary Counsel)
- Rehabilitation Medicine (Medical Consultant/Physical Medicine)
- Rachelle Miller, M.D. (Medical Consultant/Psychiatry)
Board Approves Annual Report on Usage of Minority/Emerging Managers; Updates Related Purchasing Policy
The Board approved a report on IMRF’s 2015 usage of minority/emerging investment firms. The report details usage of:
- Minority-, Female-, or Persons with a Disability-owned Business (MFPDOB) investment-management firms
- Emerging investment firms
- MFPDOB investment brokers
The Board also updated its purchasing policy to MFPDOB firms, which increases the minimum goal for contracts awarded to MFPDOB firms from 18% to 20%. The changes are in response to Public Act 99-462, which is effective January 1, 2016. The law requires all Illinois pension systems to set an “aspirational goal” of awarding 20% of contracts to MFPOB firms.
New IMRF Employers
The Board approved the participation of the following new employers:
- Veterans Assistance Commission of Winnebago County
- Putnam Township
- Oakley Township
- Lost Lake Utility District
- Illinois Municipal League Risk Management Association
- Warrenville Fire Protection District
- Limestone Township Library District
Board Sets 2016 Meetings
The Board set the following dates for 2016 regular meetings:
- February 26
- May 20
- July 22
- August 26
- November 18
- December 16
Committee meetings will be held the day prior to the regular Board meetings.
Next Board Meeting
The next regular meeting of the IMRF Board of Trustees will be Friday, February 26, 2016, at 9 a.m. at IMRF’s headquarters in Oak Brook.