When you join the Chicago Teachers’ Pension Fund, you participate in a plan that has provided secure retirement pensions for Chicago Public School teachers for more than a century.
The Chicago Teachers’ Pension Fund (CTPF) is a public employee retirement system that benefits teachers and certain other employees of the Chicago Public Schools, approved charter schools, and the Chicago Teachers’ Pension Fund. The CTPF, established by the State of Illinois, is administered in accordance with Chapter 40, Act 5, Articles 1, 17, and 20 of the Illinois Compiled Statutes.
The CTPF’s role is to prudently manage the assets supporting the pension plan and administer the entitlements and benefits provided by the plan. The CTPF is governed by a Board of Trustees made up of 12 members, which include 6 contributing teachers, 3 pensioners, 1 contributing administrator, and 2 Chicago Board of Education members. The Board of Trustees oversees the fund’s benefit programs, approves all benefits, makes investment decisions for the fund’s assets, and provides general oversight to CTPF operations.
