In 2012, IMRF conducted one Executive Trustee election and one Employee Trustee election. The results of the elections were certified at the IMRF Board of Trustees December Board meeting:

Mr. Stulir is Inmate Services Officer for Rock Island County Sheriff's Department. His three-year partial term of office runs from January 1, 2013, through December 31, 2015.

2013 Board officers

At the December 21, 2012, Board Meeting, the IMRF Board of Trustees adopted a formal funding policy.

The policy formalizes longstanding practices at IMRF, and is intended to help minimize confusion among IMRF employers following the release of new guidelines on accounting and reporting practices in Governmental Accounting Standards Board (GASB) Statement No. 68.

IMRF will continue to use the Annual Required Contribution (ARC) calculation embedded in GASB Statement No. 27 to determine employer contribution rates. This approach is consistent with actuarial best practices, supports IMRF's 100% funding goal, maintains intergenerational equity, and minimizes disruptions to employers.