Board of Trustees

Overview

Board of Trustees

The Chicago Teachers’ Pension Fund (CTPF) is governed by a 12-member Board of Trustees. Trustees include six trustees elected by the active teacher membership, one trustee elected by the active principals and administrators, three trustees elected by the retired membership, and two trustees appointed by the Board of Education.

Board Responsibilities

Illinois statutes provide for a Board of Trustees to be responsible for the administration of CTPF. The Board of Trustees appoints the Executive Director to operate CTPF, and the Board and the Executive Director hire and monitor independent advisors to facilitate the operations of CTPF. Advisors include investment managers, investment consultants, a master custodian, a CTPF actuary, independent certified public accountants, a CTPF attorney, and other operational consultants.

The Board’s responsibilities include approving CTPF’s administrative budget, authorizing benefit payments, selecting investment professionals, initiating legislative changes affecting Fund benefits and operations, adopting actuarial assumptions, and appointing the CTPF actuary and legal counsel.

General Board Goals

General goals put in place to help achieve the Board’s mission include:

  • Achieve customer service excellence
  • Preserve fiscal integrity and financial stability of CTPF
  • Conduct all phases of operation under the highest standards of ethics and morality
  • Improve the quality of CTPF personnel by employing the most careful method of selection, training, and promotion
  • Regularly inform CTPF members, pensioners, and beneficiaries regarding CTPF’s plans and progress toward its overall mission
Post

Board of Trustees Committees

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has established several committees to review and research various topics. These committees meet periodically as needed, and generally make recommendations for approval during regular Board meetings.

Post

Board Meetings

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees meets monthly to discuss and make decisions on various issues, proceedings, and financial matters that affect the Fund. All meetings are held at 9:30 a.m. in the CTPF office unless otherwise noted. Meetings are open to the public, except when the Board goes into executive session.

Post

Board of Trustees Elections

The Chicago Teachers’ Pension Fund (CTPF) is governed by a 12-member Board of Trustees. Six Trustees elected by the active teachers, one Trustee elected by the active principals and administrators, three Trustees elected by the pensioners, and two Trustees appointed by the Board of Education.