Bill Text: IL SR0067 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Congratulates Executive Director Richard White on successfully overseeing the transition of the Illinois Police Officers' Pension Investment Fund (IPOPIF). Thanks him for his hard work and dedication to this endeavor.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2023-03-10 - Resolution Adopted [SR0067 Detail]

Download: Illinois-2023-SR0067-Introduced.html

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SR0067 LRB103 27435 ECR 53807 r
SENATE RESOLUTION
WHEREAS, The members of the Illinois Senate wish to
congratulate Executive Director Richard White on the occasion
of successfully overseeing the transition of the Illinois
Police Officers' Pension Investment Fund (IPOPIF); and
WHEREAS, Richard White has spent over 40 years in public
service as a sworn law enforcement officer, serving and
protecting citizens, businesses, and property with dignity and
honor; and
WHEREAS, During his career, Richard White also served as a
trustee for the Orange County Employees Retirement System
(OCERS) in California for nine years, where he managed an
administrative budget of 11 million dollars and a pension fund
of 10 billion dollars; and
WHEREAS, Richard White then served as the president of the
State Association of County Retirement Systems (SACRS),
representing over half a million participants and
beneficiaries throughout the State of California with the
combined assets of 110 billion dollars; and
WHEREAS, After retiring from law enforcement, Richard
White served as the administrator for the Mendocino County

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Employees Retirement Association (MCERA) in California, where
he managed a pension fund with a budget of $800,000 and $440
million in assets; he retired from public service in
California in 2014; and
WHEREAS, In June of 2020, Richard White returned to public
service and was hired as the executive director of the
Illinois Police Officers' Pension Investment Fund (IPOPIF) to
oversee the development of the newly created consolidation of
357 different pension funds; and
WHEREAS, Richard White prepared a strategic plan to bring
the consolidated funds together, writing policies and
procedures and developing requests for proposal (RFPs) for all
facets of the pension fund, including investments, legal
requirements, and administrative positions that would be
needed; and
WHEREAS, Richard White spoke with various service
providers and sought expertise to develop a team to bring the
assets under management; he educated the IPOPIF Board of
Directors on hiring staff and the development of the systems
needed for this undertaking; he also located and created an
office space for the future of the fund; and
WHEREAS, Richard White worked with other government

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entities, speaking with legislators, union officials, and
pension boards across the State in an effort to garner trust,
faith, and the cooperation of all parties; and
WHEREAS, Richard White traveled across Illinois to meet
with pension trustees, beneficiaries, and participants to give
them full confidence in his abilities to oversee and manage
this process, always taking the time to speak at union and
pension conferences and to meet with leaders and local boards
without hesitation while simultaneously creating this newly
consolidated fund; and
WHEREAS, Richard White led the IPOPIF Board and his team
through issues related to the COVID-19 pandemic and
litigation, ensuring things would be completed and done
correctly in the best interest of all parties; his dedication
required working many late nights, weekends, and on holidays
to meet the legislative deadline; and
WHEREAS, Richard White spearheaded the largest pension
consolidation in the nation, working with 357 different
pension funds and a net value of 9 billion dollars, an
undertaking that had never been done to this size and scale;
and
WHEREAS, Because of his experience, education, and

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leadership, Richard White was able to lead this endeavor
through the most challenging times while maintaining his
patience and professionalism and never losing focus of the
goals and objectives of the IPOPIF; therefore, be it
RESOLVED, BY THE SENATE OF THE ONE HUNDRED THIRD GENERAL
ASSEMBLY OF THE STATE OF ILLINOIS, that we congratulate
Executive Director Richard White on successfully overseeing
the transition of the Illinois Police Officers' Pension
Investment Fund (IPOPIF), and we thank him for his hard work
and dedication to this endeavor; and be it further
RESOLVED, That a suitable copy of this resolution be
presented to Richard White as a symbol of our esteem and
respect.