Full Biography: Terry A.M. Mumford
Terry Mumford concentrates her practice in public sector employee benefits. She works with governmental pension plans across the country, and consults with public sector employers and associations including public university systems and educational institutions on a variety of benefit matters. Her assignments have included seeking IRS determination letters for governmental qualified retirement systems. These plans have included innovative features such as hybrid structures, 401(h) accounts, lump sum distributions, 13th checks, and DROPs. She has also pursued IRS private letter rulings on behalf of retirement systems on a wide range of topics including asset transfers, 403(b) plans, 457 plans, pick-ups, health care trusts, and qualified excess benefit arrangements.
Terry is a frequent speaker with regard to public employee benefits at the national and state levels. Her recent topics have included "Top Ten Tax Traps for Your Pension Plan," "GASB for Lawyers," "Regulatory Update for Public Plans," "EPCRS," 457(b) Self-Audits," "Retiree Health Care Funding Options," and "How to Implement a DROP Plan." Terry is co-author of the following Ice Miller publications: "A Guidebook for Qualified Governmental Retirement Plans," "Deferred Retirement Option Programs (DROPs)," "Recent Regulatory Developments for Public Pension Plans" and "Pension Protection Act of 2006 Summary of Certain Provisions." She is also published in a variety of journals, including "How to Coordinate Employee Benefits with the Americans with Disabilities Act" and "Section 403(b) Self-Audits" in the ALI-ABA Course Materials Journal; "Plans Falling Into and Out of ERISA: Issues for Plans of Governmental and Tax-Exempt Entities" in The Exempt Organization Tax Review; and "Hidden Traps for School System Retirement and Severance Programs" in the Journal of Deferred Compensation.
As a registered lobbyist in Indiana until 2001, Terry worked on a variety of high profile employee benefits initiatives including retirement bond legislation for school corporations, statewide funding for police and firefighter pensions, and tax compliance updates. Outside of Indiana, Terry has worked with statewide and local pension plans on the development and passage of legislation designed to bring retirement plans into compliance with federal laws, including the Internal Revenue Code, the Americans with Disabilities Act, the Age Discrimination in Employment Act, and the Uniformed Services Employment and Reemployment Rights Act. She has also consulted with retirement systems and public employers from coast to coast on cutting edge benefit options and plan design, including alternatives for retiree health care funding.
From August 2001 to August 2002, Terry left the Ice Miller partnership to serve as Legislative Director for Indiana Governor Frank O'Bannon. In this role, she supervised all Indiana agencies in the development and implementation of their legislative agendas. She was the Governor's chief legislative spokesperson on the historic HB 1001 (ss), which restructured Indiana's taxes for the first time in 30 years and which addressed the state's budget deficit. Governor O'Bannon also appointed her as his representative to the Indiana Advisory Commission on Intergovernmental Relations. In recognition of her service to the State of Indiana, the Governor appointed her a Sagamore of the Wabash, the highest civilian honor that the Governor can award. After returning to Ice Miller and public fund clients, she served as chief counsel to the Speaker of the Indiana House of Representatives (2002-2004).
Before joining Ice Miller in 1988, Ms. Mumford served twelve years with the Indiana Legislative Services Agency and two years with the Indiana University Counsel's Office. She has also served as an adjunct professor in the Indiana University School of Public and Environmental Affairs, where she taught administrative law.
Terry served on the Organizing Committee of the 2001 World Police and Fire Games as co-chair of Corporate Development and as a member of the Government Relations Committee. She is a member of the National Association of Public Pension Attorneys ("NAPPA") and is co-chair of NAPPA Tax Section 2007. Terry is also a member of the National Association of College and University Attorneys ("NACUA").
A native of Indianapolis, Indiana, Terry received her A.B. from Swarthmore College in 1970. She graduated, with honors, from the Indiana University School of Law, where she earned her juris doctorate in 1973.
She is admitted to practice law in the State of Indiana.