The Illinois Municipal Retirement Fund (IMRF) board of trustees elected employee trustee Natalie Copper as its new secretary. She assumed the responsibilities of William Stafford who became the board’s new vice-president on Jan. 1. Ms. Copper’s term as board secretary expires Dec. 31, 2012. She has served as an IMRF employee trustee since January 2010.
As the second largest public pension fund in Illinois, IMRF administers a plan of retirement, disability and death benefits for 3,000 municipal employers — including park districts, villages and school districts (for non-teaching personnel) — and covers approximately 176,000 active members and 97,000 retirees. At the end of 2011, IMRF managed almost $25 billion in assets. The plan does not receive any state funding.
This is Ms. Copper’s third year as an IMRF employee trustee. Her term as employee trustee expires Dec. 31, 2014. Until recently, Ms. Copper was school-age childcare site coordinator for Dawes School in School District 65. At the Jan. 23 District 65 School Board meeting, many parents and colleagues asked that she be retained as the coordinator.
Mr. Stafford is the chief financial officer of School District 202. This is Mr. Stafford’s fourth year as an IMRF executive trustee and follows a one-year term as the board’s secretary. His term as an executive trustee expires Dec. 31, 2013.