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On Jan. 1, a new president and vice president at the Illinois Municipal Retirement Fund (IMRF) began their terms on the IMRF board of trustees.
Executive trustee William Stafford was named the board’s 2013 president. Mr. Stafford has served as an executive trustee since January 2009, including board vice president and secretary for the past two years, respectively. Employee trustee Natalie Copper was named the board’s 2013 vice president. She has served as an employee trustee since January 2010, including last year as secretary.
Mr. Stafford and Ms. Copper are both Evanston residents.
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 175,000 active members and 100,000 retirees. At the end of 2012, IMRF had nearly $28 billion in assets and was 85.2 percent funded on a market basis (preliminary and unaudited). The plan does not receive any state funding.
Members of IMRF’s independent eight-member board of trustees serve without compensation in five-year staggered terms. The board includes four executive trustees elected by participating units of government, three employee trustees elected by participating IMRF members and one annuitant trustee elected by IMRF retirees.
As a chief financial officer of Evanston Township High School District 202, Mr. Stafford oversees its finances, safety, operations, maintenance, food service, information systems, budget and capital improvements. He has also served on numerous local police and fire pension boards.
“Bill has made significant contributions to our board over the past few years,” said IMRF Executive Director Louis W. Kosiba. “His leadership and financial experience will serve us well as we continue to focus on locally funded, financially sound management to provide a sustainable retirement income for public workers who serve local units of government.”