Former CPS teacher and CTPF member, Patty Mitchell, is living life on her own terms, thanks to some very careful retirement planning. She says she is “living the retirement dream.” While she always lived a life of self-sufficiency, she struggled financially as a young person and as a single mother. She knew that to have a fulfilling retirement that allowed her to do what she loves, she would have to make some financial magic happen through long-term planning.
CHICAGO – April 29, 2019 – The Chicago Teachers’ Pension Fund (CTPF) today announced the release of its 2019 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2018. Those payments had a $2.0 billion impact on the Illinois economy, supporting 15,000 jobs in the State. The Buck Stays Here: Understanding the Economic Impact of CTPF Benefit Payments on the State of Illinois and the City of Chicago is produced annually.