Richard Ingram out as Teacher Retirement System Executive Director.

richard-ingram

I got an anonymous call this morning.

Emails to TRS staff informed them that their boss, Richard Ingram, has been forced out as Executive Director of the Illinois Retirement System.

Apparently the board appointed Stan Rupnick as interim Executive Director without benefit of a public meeting.

Rumors have been circulating all week, according to people I called, that Ingram has resisted efforts by those associated with Governor Pritzker to pick favored investment managers.

I am told Ingram wrote out his resignation letter under pressure last week, but the board deferred acting on it until today.

I am also told Ingram was offered a deal where if he left he would be fully vested in spite of actually being short of accumulated earned pension time on the job.

Is it true about Pritzker pressure? Too soon to tell.

But those of us who remember the bad old days of Stuart Levine and Blagojevich know what is possible.

2 thoughts on “Richard Ingram out as Teacher Retirement System Executive Director.

  1. Richard Ingram had sent his resume and been looking for a new pension fund job for years. Wish him well in his new position. He wanted to leave for quite some time.

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