Former President of Oak Brook-based IMRF Board of Trustees Elected to Second Term as Employee Trustee
Evanston resident Natalie Copper -- who has previously served as president, vice president and secretary of the Illinois Municipal Retirement Fund (IMRF) board of trustees -- was elected to her second term as employee trustee. Copper has served as an employee trustee since January 2010. Her new, five-year term began Jan. 1.
As the second-largest and best-funded public pension in Illinois, IMRF administers a defined benefit plan of retirement, disability, and death benefits for 3,000 municipal employers -- including towns and villages, libraries and park districts, and counties and school districts (non-teaching personnel) -- and covers about 400,000 members. At the end of 2014, IMRF had $34 billion in assets and was 97 percent funded on a 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.
Copper is a school-age child care site-coordinator for the Dawes School in Evanston School District 65.
"As a long-time member of the IMRF board of trustees and former board president, Natalie understands how our diversified investments provide long-term benefits to our members," said IMRF Executive Director Louis W. Kosiba. "This experience will serve us well during her current tenure."
The Illinois Municipal Retirement Fund (IMRF) was created by the Illinois General Assembly. Since 1941, IMRF has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of 97 percent and $34 billion in assets, IMRF is well-funded and sustainable. Today, IMRF has about 400,000 members and serves nearly 3,000 different units of government, including towns and villages, libraries and park districts, and counties and school districts (non-teaching personnel). The average member who retired in 2013 had 22 years of service and received an annual benefit of about $16,500. For more information, visit www.imrf.org.