Incumbent Trustee Alex Wallace will retain his seat on the IMRF Board of Trustees. 
Wallace, a resident of Oswego, ran unopposed in IMRF’s 2016 Employee Trustee election, and the IMRF Board will certify him the winner at its December 16 meeting. Wallace’s new term will run from Jan. 1, 2017 through December 31, 2020. Wallace first joined the Board on July 1, filling a vacancy left by former Employee Trustee John Piechocinski.
Wallace said that he is grateful for the opportunity to continue to serve on the Board of IMRF, Illinois’ second-largest and best-funded statewide public pension system.
“I am humbled and honored to have been elected to serve as trustee by the IMRF pension stakeholders,” Wallace said. “It is a duty that I hold in high esteem and will do my fiduciary best.”
Wallace, a bus driver for Oswego Community Unit School District 308, has worked for the district since 2003. Prior to that, he worked for 31 years in the Illinois Department of Juvenile Justice. He held multiple positions during his tenure, including Supervisor of Juvenile Statewide Transportation.
In addition, Wallace holds positions on a number of volunteer boards. He serves on the Board of Directors for both the National Education Association (NEA) and the Illinois Education Association (IEA). He is part of the Education Support Professional (ESP)/IEA Council, and serves on the Deacon Board at his local church.
Wallace said he will be a conscientious trustee, who will follow the “prudent man rule” in regard to IMRF’s $34.5 billion investment portfolio. The prudent man rule requires a trustee to exercise care and skill when making investment decisions, as a “prudent man” would, diversifying the portfolio to minimize loss and maximize return.
Wallace also said one of his priorities will be making himself available to IMRF’s membership. IMRF has more than 405,000 members and serves nearly 3,000 different units of government, including towns and villages, libraries and park districts, and counties and school districts (the non-teaching personnel).
“I want to be an un-biased listening ear to IMRF members for their individual needs,” he said.
