stafford-copper

Two Evanstonians — William Stafford and Natalie Copper — have been named to leadership positions on the board of the Illinois Municipal Retirement Fund.

Stafford, an executive trustee of the fund since 2009, was named president, and Cooper, an employee trustee since 2010, was named vice president.

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 preliminary and unaudited market basis. 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, 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.”

Bill Smith is the editor and publisher of Evanston Now.

Join the Conversation

1 Comment

  1. Important Pension meeting Monday Feb 4th at 7:00pm
    Congratulations to Bill Stafford and Natalie Cooper on their leadership positions. The IMRF is the best funded pension plan in the State of Illinois.

    On Monday February 4th, come learn about the 5 State run plans and the Cook County Pension Fund. These funds face significant challenges.

    Community Forum on Pensions

    Hosts: Cook County Commissioner Larry Suffredin, State Senator Daniel Biss
    State Representative Laura Fine and State Representative Robyn Gabel

    Date: Monday, February 4, 2013
    Time: 7:00 pm to 8:30 pm
    Location: Wilmette Community Recreation Center, 3000 Glenview Rd., Wilmette, IL

    State Rep. Robyn Gabel will open the night with an overview of the state’s budget and pension obligations. Senator Biss, who has sponsored previous reform bills, will outline his current effort in SB 35. Commissioner Suffredin will explore the issues facing Cook County and Representative Fine will provide a wrap up followed by a question and answer period.

Leave a comment
The goal of our comment policy is to make the comments section a vibrant yet civil space. Treat each other with respect — even the people you disagree with. Whenever possible, provide links to credible documentary evidence to back up your factual claims.

Your email address will not be published. Required fields are marked *