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1
HOUSE RESOLUTION

 
2    WHEREAS, The members of the Illinois House of
3Representatives wish to congratulate Louis W. Kosiba on the
4occasion of his retirement as Executive Director of the
5Illinois Municipal Retirement Fund (IMRF); and
 
6    WHEREAS, Louis Kosiba earned his Juris Doctor and Master in
7Business Administration from the University of Illinois in
8Urbana-Champaign in 1977; and
 
9    WHEREAS, Louis Kosiba joined the IMRF in 1988 and was
10appointed executive director in 2001; prior to that, he worked
11as general counsel for the Illinois Teacher's Retirement
12System; and
 
13    WHEREAS, Louis Kosiba led the best-funded statewide
14pension plan in Illinois for over 16 years; under his
15leadership, the IMRF exceeded annual investment return goals 10
16times and its fiduciary net position increased from $16.1
17billion in 2000 to $39.3 billion as of July 31, 2017; and
 
18    WHEREAS, During Louis Kosiba's tenure as executive
19director, the IMRF's active membership increased from 159,810
20to 175,019, IMRF retirees increased from 71,300 to 123,206, and
21the number of employers participating in the IMRF increased

 

 

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1from 2,791 to 2,987; and
 
2    WHEREAS, Under Louis Kosiba's tutelage, the IMRF adopted
3its first vision statement and set of organizational values,
4developed its first strategic plan, and opened its first
5regional office in Springfield; and
 
6    WHEREAS, With Louis Kosiba at the helm, IMRF enhanced
7member and employer services by developing a workshop program
8to educate members, employers, and retirees about the services
9offered by the IMRF; it established a toll-free customer
10service call center, introduced self-service tools to
11employers for reporting wages and enrolling members online, and
12launched annual rate meetings for employers to meet
13face-to-face with IMRF leaders; and
 
14    WHEREAS, Throughout his time as executive director, Louis
15Kosiba emphasized customer service and continuous improvement,
16leading to the IMRF being recognized in 2012 and 2014 with an
17Illinois Performance Excellence (ILPEx) Silver Award for
18"Progress towards Excellence" and in 2009 with the Lincoln
19Bronze Award for "Commitment to Excellence"; the IMRF also
20received the National Plan Sponsor "Standout" Award of
21Excellence in 2016; and
 
22    WHEREAS, Louis Kosiba co-founded the National Association

 

 

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1of Public Pension Attorneys in 1987 and served on its board of
2directors; he is an active member of the National Association
3of State Retirement Administrators, a member of the board of
4trustees for ILPEx, and is on the leadership team for
5Generations Serving Generations; therefore, be it
 
6    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
7HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we
8congratulate Louis W. Kosiba on his retirement as Executive
9Director of the Illinois Municipal Retirement Fund, and we wish
10him the best in all his future endeavors; and be it further
 
11    RESOLVED, That a suitable copy of this resolution be
12presented to Louis Kosiba as an expression of our esteem and
13respect.