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Stay up to date with the latest announcements, press releases, and other news from CTPF.

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2020 Open Enrollment Resources
Join or change plans October 1-31, 2019

The 2020 Open Enrollment Period for CTPF Retiree Health Insurance ends October 31, 2019. During this time, eligible retired members can enroll for the first time, add a dependent, or change a health insurance plan. Changes made during Open Enrollment become effective January 1, 2020. CTPF offers several resources for members who need information about 2020 plan changes and choices. 

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2019 Pensioner Election Update
Voting Now Open in Pensioner Trustee Election

CTPF will hold an election to fill three (3) Pensioner Trustee positions on the Board of Trustees. Pensioners receiving a service, reciprocal, or disability pension from CTPF as of October 1, 2019, are eligible to vote in the election.

Certified Candidates

Candidates are listed in random order. Click a name for bio information.

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CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., October 17, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

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2019 CTPF Board of Trustees Election Update
The CTPF Pensioner election will be conducted and the Teacher and Principal/Administrator elections are cancelled

The nomination period for the CTPF’s 2019 Trustee Elections closed on October 1, 2019, at 5:00 p.m.

Pensioner Trustee Election

Five candidates applied for three (3) Pensioner Trustee positions. An election will be held to fill three open positions, with voting from October 18-November 7, 2019. Pensioners receiving a service, reciprocal, or disability pension from CTPF as of October 1, 2019, are eligible to vote in the election.

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Reminder: Return to Work Changes Effective July 1, 2019

The Illinois Pension Code provides that a CTPF retiree may return to work as a temporary and non-annual employee for the Chicago Board of Education and/or Chicago charter schools (Employer) under certain limited circumstances. PA 101-0340 passed during the 101st General Assembly, effective July 1, 2019:

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CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., September 19, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

News hollemanm@ctpf.org

Today is Last Day to Request a CTPF Election Packet

Today, Friday, September 13, 2019, is the last day to request a nominating packet for the position of Teacher, Principal/Administrator, or Pensioner Trustee.

Completed nomination packets must be returned to CTPF on or before the close of business at 5:00 p.m., (CDT), on Tuesday, October 1, 2019.

Please contact Gail Davis: 312.604.1400, ext.402 to request a packet.

Find additional information at Election Central. 

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Last Day to Request a CTPF Election Packets

The last day to request a nominating packet for the position of Teacher, Principal/Administrator, or Pensioner Trustee is September 13, 2019.

Completed nomination packets must be returned to CTPF on or before the close of business at 5:00 p.m., (CDT), on Tuesday, October 1, 2019.

Please contact Gail Davis: 312.604.1400, ext.402 or email elections@ctpf.org to request a packet.

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Open Enrollment Webinar Registration is Now Open

CTPF offers webinars and seminars which provide an overview of 2020 health plan choices, changes, and costs, and include question and answer sessions following the presentations.

Registration for all webinars is now available. Registration is required. Click the links below to register.

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Labor Day Office Closing

CTPF will close in observance of the Labor Day Holiday at 3:00 p.m. on Friday, August 30, and will re-open at 8:00 a.m. on Tuesday, September 3, 2019. Find a complete list of public meetings, events, and observed holidays on the calendar page. 

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2020 Health Insurance Open Enrollment

The 2020 Open Enrollment Period for CTPF Retiree Health Insurance will run from October 1-31, 2019. During this time, retiree members can enroll for the first time, add a dependent, or change a health insurance plan. Changes made during Open Enrollment become effective January 1, 2020.

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Town Hall Webinar Available Online
Recorded version of August 21, 2019, webinar now available

Nearly 300 members registered for a Town Hall Webinar, conducted by CTPF Deputy Executive Director Mary Cavallaro and CTPF Chief Benefits Officer Rosemary Ihejirika on Wednesday, August 21, 2019.  The program featured an update and overview of the Fund and its operations.

Members who missed the live webinar can view a recorded version here

News
Angela Miller-May

Miller-May Named Top 30 Public Pension Chief Investment Officers

Congratulations to CTPF Chief Investment Officer Angela Miller-May who has been named to Trusted Insight’s 2019 Top 30 List of Public Pension Chief Investment Officers.

Chief Investment officers and their respective teams manage billions in financial assets. The Top 30 List, produced annually, highlights long-term investment leaders who apply their experience and expertise to navigate markets and produce stable, consistent results.

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CTPF Town Hall Webinar Registration Available

Please join CTPF Deputy Executive Director Mary Cavallaro, CTPF Chief Benefits Officer Rosemary Ihejirika, and CTPF staff members on Wednesday, August 21, 2019, at 12:00 p.m for a Town Hall Webinar.

The program will offer a quarterly update and overview of your Pension Fund. Topics include a financial update, Trustee Elections, and a review of important dates and information for 2020 Health Insurance Open Enrollment for retirees.

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CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., August 15, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

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CTPF Board of Trustees Elections

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.

2019 Open Positions

This fall, CTPF will hold elections for the following positions:

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CTPF Town Hall Webinar Registration Available

Please join CTPF Deputy Executive Director Mary Cavallaro, CTPF Chief Benefits Officer Rosemary Ihejirika, and CTPF staff members on Wednesday, August 21, 2019, at 12:00 p.m for a Town Hall Webinar.

The program will offer a quarterly update and overview of your Pension Fund. Topics include a financial update, Trustee Elections, and a review of important dates and information for 2020 Health Insurance Open Enrollment for retirees.

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Return to Work Changes Effective July 1, 2019

August 9, 2019, Governor Pritzker signed SB 1584, now Public Act 101-0340, which increases the number of days per school year that a retired Chicago teacher can return to service without impacting retirement status from 100 to 120. The bill is effective July 1, 2019. 

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June 30, 2019, Pension Funding Update

CTPF funds pensions through revenue returned on investments and from four external sources:

  • the Chicago Board of Education 
  • the State of Illinois
  • property tax levy 
  • member contributions 

The current status of payments from external sources as of July 26, 2019, is as follows: 

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CTPF Policy Offers One Time Health Insurance Re-Enrollment without Qualifying Event

The Chicago Teachers’ Pension Fund (CTPF) offers health insurance benefits to qualified retirees, survivors, and their eligible dependents.

July 18, 2019, the CTPF Board of Trustees voted to allow eligible members to re-enroll in a CTPF health insurance plan one time without a qualified change in status. Previously, enrollment was only allowed once in a lifetime, unless the member experienced a qualifying event (marriage, birth, death, etc.). Individuals who want to rejoin a CTPF plan must do so during an open enrollment period.

Redefining Retirement
Madie Davis- Cannamore

Redefining Retirement: Painting Retirement Red
Meet Madie Davis- Cannamore, Ph.D.

Staying active and keeping busy in retirement is important for both the mind and body. An active retirement is not just about keeping busy – it is also about engaging in quality activities that make your life worthwhile. Madie Davis-Cannamore, Ph.D., exemplifies what it means to be engaged and living life to the fullest. Her satisfying retirement is determined by the quality of the activities she chooses and is only limited by what she decides to pursue.

Redefining Retirement

Redefining Retirement – Keeping the Faith
Meet Ordained Minister and Author Liz Cornett

After a 30-year career as a general education elementary school teacher and special education teacher, Liz Cornett packed her bags and headed out to be closer to her sister in Arizona on the same day she retired in June 2006. The terrific weather and the chance to be close to family were just what she needed.

At first, Liz worked several retail jobs and even went back to the classroom for a short time. She got involved in a church and found an instant community. The Holy Scriptures inspired her, and she made the decision to enroll in ministry school.

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New Trustees Join CTPF Board

The Chicago Teachers’ Pension Fund (CTPF) is pleased to welcome Miguel del Valle and Dwayne Truss to the CTPF Board of Trustees. Trustees del Valle and Truss were appointed by the Chicago Board of Education, effective June 26, 2019, through October 31, 2020, to fill the vacancies created by the resignation of Gail D. Ward and Mark F. Furlong.

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.

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CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., July 18, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

Redefining Retirement

Redefining Retirement – Hitting It Out of the Park (Again!)
Joel Levin Writes the Next Chapter in his Ballpark Series

After retiring from teaching in 2007, Joel Levin took on a project paying homage to his first career as a ballpark vendor, which he did from 1962-1976. Together with co-author and photographer Lloyd Rutzky, they wrote Wrigley Field’s Amazing Vendors and more recently released White Sox Park’s Amazing Vendors. These books share photographs and stories of the unique cast of characters that sold goods at baseball games during the 1970s.

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Chicago Teachers’ Pension Fund Chief Investment Officer Angela Miller-May Testifies before U.S. House Subcommittee on Diversity and Inclusion
Testimony highlighted the approach Chicago Teachers' Pension Fund (CTPF) has used to increase opportunities for diverse investment managers over the last 20 years

The Chicago Teachers’ Pension Fund (CTPF/the Fund) Chief Investment Officer Angela Miller-May testified on behalf of the Fund before the U.S. House Committee on Financial Services Subcommittee on Diversity and Inclusion hearing entitled, “Diverse Asset Managers: Challenges, Solutions and Opportunities for Inclusion,” on Tuesday, June 25, 2019. Read the testimony here.

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CTPF’s CIO to Testify Before U.S. House Subcommittee

The public is invited to tune in when CTPF’s Angela Miller-May, Chief Investment Officer, Chicago Teachers’ Pension Fund, testifies before the U.S. House Committee on Financial Services Subcommittee on Diversity and Inclusion hearing entitled, “Diverse Asset Managers: Challenges, Solutions and Opportunities for Inclusion,” at 10:00 a.m. on Tuesday, June 25, 2019. 

The hearing will be live streamed and a link to the broadcast is available here

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Employer Contribution Reporting
Delinquent Employer Report for 3/25/2019 - 4/25/2019 now available

CTPF has posted an updated delinquency report detailing employers who are late in making employee contributions.

Each month, Employers remit employee pension contributions to CTPF.  Illinois law requires that these contributions be made within a certain time period. If the Employer does not send the funds within the required time, penalties may be assessed.

Recognizing the importance of informing members of Employers who are late in making their employee contributions, the Board directed CTPF staff to publish a listing of delinquent employers.

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Miller-May Receives 2019 Accelerate Investors Trailblazer Award

Congratulations to CTPF’s Chief Investment Officer Angela Miller-May who received the 2019 Accelerate Investors Trailblazer Award along with fellow recipient Rodrigo Garcia, Deputy Treasurer and CIO at Illinois State Treasury.

The award is given to thought leaders, advocates, and strategic partners who are accelerating diversity within institutional investment management and support access to capital for diverse-led funds. 

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Trustees Recognized and Thanked

During the regular meeting of the CTPF Board of Trustees on June 20, 2019, the Board recognized  and thanked Trustees Gail D. Ward and Mark F. Furlong for their service as representatives of the Chicago Board of Education. Furlong and Ward have served the board since their appointments in August 2015.  

Furlong retired as President and Chief Executive Officer of BMO Harris Bank, N.A., on June 1, 2015, following a lengthy career in business and public service. Ward retired from the Chicago Public Schools in 2008, after a distinguished 38-year career as a teacher and principal at the elementary and high school levels.

News

CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., June 20, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

Press Release

CTPF Finalizes Plans for Office Relocation
The Fund will move to new space in the South Loop

June 12, 2019 – The Chicago Teachers’ Pension Fund (CTPF) will relocate offices to 425 South Financial Place in autumn 2019. The CTPF Member Services and Administrative offices will occupy the full 14th floor and a portion of the 15th floor, which will include a Board Meeting Room and space to accommodate Trustees, members, visitors, and staff attending meetings and other CTPF events.

CTPF estimates savings of about 14% per year compared to the cost of the current location. Overall, CTPF estimates savings of $3.8 million over the next 15 years. The majority of the cost of the move will be covered by the Tenant Improvement Allowance, provided by the new landlord.

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Ready to Retire? Request Direct Deposit

Direct deposit ensures that your pension payment is deposited into your account on the first business day of the month. Checks that are mailed can take several days to arrive and then clear, delaying access to your funds. Direct deposit avoids costly delays and the chance of a lost or stolen check. We encourage you to take advantage of the speed, accuracy, and security of direct deposit; you can sign up by submitting the Direct Deposit form (CTPF Form 425).

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CTPF and CTU Pension Insurance Committee Present Workshop
Register Today

The Chicago Teachers’ Pension Fund will partner with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active and retired CTU members. 

Date: Monday, June 10, 2019
Time: 4:30 p.m.
Place: Chicago Teachers Union Office, 1901 W Carroll Avenue | Chicago, IL 60612

The workshop will cover the following:

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Monthly Pension Calculator

Thinking about your future retirement? Your pension is an important part of your future retirement security. Chicago Teachers’ Pension Fund (CTPF) members earn a guaranteed pension for life, based on your tier level, final average salary, CTPF years of service, and a pension multiplier (currently 2.2% for service earned on July 1, 1998 or after). CTPF offers a pension calculator which can give you a general estimate of what your pension income would look like.

News

CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., May 16, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

Redefining Retirement

Redefining Retirement – A CTPF Success Story
Meet Patty Mitchell

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.

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CTPF Releases 2019 Economic Impact Statement

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.

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CTPF Meeting Materials Available on BoardDocs Meeting Management System
System offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., April 25, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

Redefining Retirement

Redefining Retirement – Follow Your Passion
Meet Author Patricia Palmer Dameron

Many writers pass on their knowledge in the classroom before committing their teachings to paper. Patricia Palmer Dameron was a single mom of two balancing a demanding teaching schedule. While she would write topical scriptures and ideas for a future book, she just didn’t have the time to sit down and write her book while she was still teaching.

Redefining Retirement

Redefining Retirement – Life Takes Center Stage in Retirement
Meet Karon Stewart

When the Chicago Bulls’ special half-time dancers, the Swingin’ Seniors take center court at the United Center to entertain guests, it doesn’t matter that the performer is a former CPS math teacher, CTPF member, mom to two sets of twins and a son, a grandma, and the oldest PhD candidate at Illinois State University. Karon Stewart makes her retirement add up by doing what she loves and the crowd cheers her on.

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CTPF is Hiring

Looking for a new job? Consider joining our talented team at the Chicago Teachers’ Pension Fund. Our Chicago-based group is looking for qualified candidates with a variety of abilities and skills, and we have multiple positions available. 

CTPF is an Equal Opportunity Employer which offers a competitive salary and benefits package. Find a complete list of job opportunities here.  

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Don’t Delay Register for 2019 Retirement Seminar Today
Members considering retirement in June 2019 are encouraged to attend

CTPF members considering retirement in 2019 are invited to join CTPF at one of the two remaining 2019 Retirement Seminars.

April 16, 2019
Whitney Young Magnet High School
211 South Laflin Street
Chicago, IL 60607
9:00 a.m. and 1:00 p.m. 

Registration is required and seating is limited. Free parking is available. 

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Employer Contribution Reporting Online
Monthly Report Details Employers with Late Contributions

Each month, Employers remit employee pension contributions to CTPF. Illinois law requires that these contributions be made within a certain time period. If the Employer does not send the funds within the required time, penalties may be assessed.

Recognizing the importance of informing members of Employers who are late in making their employee contributions, the Board directed CTPF staff to publish delinquent employers monthly.

Redefining Retirement

Redefining Retirement – Juggling the Demands of Retirement
Meet Juggler Barry Rapoport

After 24 years of teaching English, English as a Second Language (ESL), and working with the hearing impaired, Barry Rapoport gave up juggling the workload and demands of being a Chicago Public School high school teacher to spend more time juggling (literally). He will juggle with just about any item but is especially interested in perfecting his skill at juggling while solving a Rubik’s Cube.

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Chicago Teachers’ Pension Fund Joins Leading Institutional Investors to Urge Securities & Exchange Commission to Take Action to Strengthen Fiduciary Protections for Investors in the Private Equity Market
Board of Trustees approves ILPA letter to SEC

March 12 (Chicago, IL) – The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees unanimously agreed to support weighing in on the U.S. Securities & Exchange Commission’s (SEC) ongoing effort to issue a comprehensive interpretation of the fiduciary duties that investment advisers owe to their clients. CTPF has joined nearly three dozen leading institutional investors by signing on to a letter from the Institutional Limited Partners Association (ILPA).

Redefining Retirement

Redefining Retirement – Be True to What You Love
Meet Artist Turtel Onli

For 22 years, Turtel Onli, a working artist, taught art and coached sports in eight different Chicago Public Schools (CPS). He fully appreciated and seized the opportunity to teach, took great pride in the relationships he built with his colleagues and students, and pushed to raise awareness of the visual arts in CPS throughout the City of Chicago. His students often described him as “more of a mentor than a teacher.”

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CTPF Meeting Materials Available on BoardDocs Meeting Management System
New system offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., February 21, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

News

CTPF Trustee Election Information
2019 Notice of Election Posted at Election Central

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.

CTPF will hold three elections in 2019:

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Pension Rep Election Stipend Reminder
Reminder: Deadline is this Friday, February 1, 2019, for Stipend Payment

CTPF Pension Representatives receive $50 for attending/viewing an election webinar on or before October 31, 2018, and an additional $50 for distributing election and voting materials in their schools for the 2018 Teacher Trustee Election. Pension Representatives will receive $50 for completing only one of these activities. Each Pension Representative must download, complete, and return an attestation form to receive a payment.

Redefining Retirement

Just Do It!
Patrick Eibergen Writes New Chapters in His Retirement Story

Have you ever envisioned what your life would be like in retirement? Will you travel? Write a book? Spend more time with friends? Pick up a new hobby? Work part time? There is no right or wrong answer, but retirement is like a book – there are countless books to choose from and several chapters to read.

Press Release

Chicago Teachers’ Pension Fund Releases 2018 Comprehensive Annual Financial Report

 January 24, 2019 - The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2018 Comprehensive Annual Financial Report (CAFR) which includes the Fund’s audited financial statements, management’s analysis, statistics, and other financial information. The CAFR is prepared by staff, reviewed by CTPF’s independent auditor, and includes detailed investment, actuarial, and statistical information about CTPF’s financial condition and operations for the fiscal year ended June 30, 2018.

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Retirement Seminar Registration Opens Wednesday
Members considering retirement in June 2019 are encouraged to attend

CTPF will open registration for 2019 Retirement Seminars at 9:00 a.m. on Wednesday, January 23, 2019. members considering retirement in 2019, should plan to attend a Chicago Teachers’ Pension Fund (CTPF) retirement seminar. The seminars provide a one-stop shop for retirement information, including a general overview of the CTPF and CPS retirement processes. 

News

CTPF Meeting Materials Available on BoardDocs Meeting Management System
New system offers the public easy access to meeting agendas and information

CTPF has deployed a cloud-based system for providing access to public meeting agendas and information.

Materials for the 9:30 a.m., January 17, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

News

Pension Rep Election Stipend Reminder
Deadline is February 1, 2019, for Stipend Payment

CTPF Pension Representatives receive $50 for attending/viewing an election webinar on or before October 31, 2018, and an additional $50 for distributing election and voting materials in their schools for the 2018 Teacher Trustee Election. Pension Representatives will receive $50 for completing only one of these activities. Each Pension Representative must download, complete, and return an attestation form to receive a payment.

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CTPF Deploys BoardDocs Meeting Management System
New system offers the public easy access to meeting agendas and information

The Chicago Teachers’ Pension Fund (CTPF) has deployed a new system for providing the public with meeting agendas and information. CTPF has partnered with BoardDocs, a cloud-based information management solution which offers a simple, paper-free method for providing meeting agendas and information packets, while maintaining a searchable repository for all documents. The BoardDocs system is designed for those with even minimal computer experience and is accessible from any device that can access the internet.

Press Release

Chicago Teachers’ Pension Fund Submits 2018 Annual Diversity and Inclusion Report to the Governor and State of Illinois Officials
Fund remains a leader among pension funds in minority, women, and disabled-owned  business enterprise efforts

CHICAGO – January 9, 2019 – The Chicago Teachers’ Pension Fund (CTPF) submitted its 2018 Annual Diversity and Inclusion Report to the Governor and leaders of the Illinois General Assembly in December. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing Minorities, Women, and Persons with Disabilities owned business enterprises (MWDBE) access to do business with CTPF.

As of June 30, 2018, the Fund invested $4.5B or 42% of total Fund assets with MWDBE firms.

News

Save the Date: 2019 Retirement Seminars
Members considering retirement in June 2019 are encouraged to attend a seminar

CTPF members considering retirement in 2019, should save the date for a Chicago Teachers’ Pension Fund (CTPF) retirement seminar. The seminars provide a one-stop shop for retirement information, including a general overview of the CTPF and CPS retirement processes. 

CTPF’s Member Services Department will be available at all seminars to answer individual questions, assist with completing forms, and provide notary services.

2019 Retirement Seminars 

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Holiday Office Hours

Members planning to visit the CTPF office should be aware of the following holiday hours:

  • December 24, 2018, CTPF office will close at 3:00 p.m.
  • December 25, 2018, CTPF office closed
  • December 31, 2018, CTPF office will close at 3:00 p.m.
  • January 1, 2019, CTPF office closed

Normal office hours will resume on January 2, 2019, at 8:00 a.m.

Press Release

CTPF Trustees begin Office Relocation Negotiation

November 21 – CTPF’s current lease at 203 North LaSalle Street, where it occupies the 26th floor, ends in 2021. CTPF began the process of considering options for renewal or relocation on March  22, 2017, when it issued a Request For Proposal (RFP) for a real estate broker to help evaluate options. Through the competitive RFP process, CTPF selected and engaged CBRE Group, Inc.

Redefining Retirement

Aloha, Retirement
Planning and research helped Joann D’Addio turn her retirement dream into reality

Do you dream of enjoying your retirement years on an island, but think it is an economically unfeasible dream? Think again, according to former CPS special education teacher, counselor, and CTPF member, Joann D’Addio. When she imagined her retirement, she envisioned a welcoming tropical atmosphere with modern amenities and opportunities to be active. She found all that and more when she retired in 2017 to the Big Island of Hawaii. Aloha, retirement!

News

Newly Elected Trustees Installed and Board Organized

November 13, 2018, the CTPF Board of Trustees installed newly elected trustees and organized the Board for 2018-2019.

Newly installed Trustees (pictured left, from left to right) include:

James Cavallero, Jacquelyn Price Ward, and Gervaise Clay elected to represent Teachers; Gail D. Ward reappointed to represent the Board of Education; and Robert F. “Bob” Bures elected to represent Pensioners.

 

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CTPF Trustee Election Recount Results

November 7, 2018, CTPF concluded elections for:

  • Two (2) Teacher Trustees to serve three-year terms ending November 2021
  • One (1) Teacher Trustee to fill a vacancy for a one-year term ending November 2019
  • One (1) Pensioner Trustee to fill a vacancy for a term ending November 2019

PENSIONER TRUSTEE ELECTION UPDATE

Four candidates were certified to run for one open position.​ Robert F. “Bob” Bures received the highest vote total, as certified by Election Services Corporation.

News

CTPF Trustee Election Results

November 7, 2018, CTPF concluded elections for:

  • Two (2) Teacher Trustees to serve three-year terms ending November 2021
  • One (1) Teacher Trustee to fill a vacancy for a one-year term ending November 2019
  • One (1) Pensioner Trustee to fill a vacancy for a term ending November 2019

PENSIONER TRUSTEE ELECTION

News

Voting for all CTPF Trustee Elections has Ended
Election Results will be Posted November 8, 2018

Voting for all CTPF Trustee Elections ended at 5:00 p.m. (CT) on Wednesday, November 7, 2018. Election results will be posted on November 8, 2018. 

CTPF Election Information

The CTPF Election Policy and additional election information can be found on the Election Central Page. 

2018 Certified Candidates

Information about candidates can be found on the Candidate Information Page. 

Redefining Retirement

The Dog Days of Retirement
Susan Kirshner and her therapy dog share joy and connect with kids

After devoting 31 years to her CPS students, Susan Kirshner retired in 2003. Like so many retirees, she looked forward to traveling and enjoying quality time with her husband, children, and grandchildren. She thought she might also fill her days helping out with her husband’s business. All of that changed when she took her new puppy, Lily, to training school. Lily’s kind nature was obvious to all around her, and the instructor suggested she might want to train Lily to be a therapy dog.

News

Pensioner Trustee Election Update

CTPF will hold an election for One (1) Pensioner Trustee to fill a vacancy for a term ending November 2019 (voting October 19-November 7, 2018). The CTPF Election Policy and additional election information can be found on the Election Central Page. 

Candidates

The following Chicago Teachers’ Pension Fund (CTPF) members (listed in random order), have met the eligibility criteria and have been certified to run in the Pensioner Trustee 2018 Election for a one-year term:

News

CTPF Remains Leader among Pension Funds in Minority, Women and Disabled-Owned Business Enterprise Efforts

October 17, 2018 – The Chicago Teachers’ Pension Fund (CTPF) announced that it invested $4.5 billion, more than 41.9 percent of total fund assets, with Minority, Women and Disabled-Owned Business Enterprise (MWDBE) firms in fiscal year 2018. This represents a 9.11% increase over 2017 investments. The Fund’s work was highlighted during October 16, 2018, testimony presented to state legislators at an Illinois Senate Committee hearing on Pensions and Investments held in Chicago.

Press Release

Chicago Teachers’ Pension Fund Remains  Leader among Pension Funds in Minority, Women and Disabled-Owned Business Enterprise Efforts

October 17, 2018 – The Chicago Teachers’ Pension Fund (CTPF) announced that it invested $4.5 billion, more than 41.9 percent of total fund assets, with Minority, Women and Disabled-Owned Business Enterprise (MWDBE) firms in fiscal year 2018. This represents a 9.11% increase over 2017 investments. The Fund’s work was highlighted during October 16, 2018, testimony presented to state legislators at an Illinois Senate Committee hearing on Pensions and Investments held in Chicago.

Redefining Retirement

Born Colored: Reflections from Erin Goseer Mitchell
Author writes a new chapter in retirement

Erin Goseer Mitchell retired from Chicago Public Schools in 1994 after a 38-year career as an educator. The first year of her retirement she spent watching morning TV shows, lounging around, sipping tea, and looking out her living room window. She found purpose helping a sick friend with her chores and doctors’ visits, but after her friend’s death, Erin found that lounging and watching TV were no longer satisfying.

Redefining Retirement
Dory Domanowski enjoying Iceland during her volunteer experience.

Redefining Retirement: Giving Back Globally

After retiring from CPS in 2007 after a wonderful 17 years of teaching English at Whitney M. Young Magnet High School, Dory Domanowski took some time to sit back and enjoy reading, woodworking, knitting, and spending time with family. She even became a volunteer driver for the Ageing and Disability Resource Center, but wanted to do more. Like many retirees, travel was on her retirement bucket list, but she also wanted to travel with a sense of purpose.

Press Release

Chicago Teachers’ Pension Fund Submits Ninth Annual Report On Illinois Economic Opportunity Investments
Trustees highlight investment opportunities that contribute to the growth of the Illinois economy

CHICAGO – September 12, 2018 – The Chicago Teachers’ Pension Fund (CTPF) submitted its ninth annual report on Illinois Economic Opportunity Investments to the Governor and the Illinois General Assembly. As of June 30, 2018, CTPF employed 17 Illinois-based investment managers who managed assets with a market value of $3.3 billion. These assets represented 30.6% of CTPF’s investment portfolio.

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2019 Health Insurance Open Enrollment

Open Enrollment for 2019 CTPF health insurance plans runs from October 1-31, 2018. During this time, eligible CTPF members can join a plan for the first time or change plans. CTPF will offer seminars and webinars with information about plan choices, changes, and costs. Changes made during Open Enrollment become effective January 1, 2019.

Redefining Retirement
James and Linda Paskiewicz

Redefining Retirement: Real Estate for the Birds

After retiring from CPS in 2006 following more than 30 years of teaching, James Paskiewicz and his wife, Linda (herself a retired teacher from a parochial school), began a second career in small-scale real estate: building and selling birdhouses.

Redefining Retirement
Bonnie Glassner with some of her works

Redefining Retirement: Discovering a New Medium

For most of her 35-year career with CPS, Bonnie Glassner taught students with disabilities, incorporating visual art work into her lessons whenever possible in order to combine her two loves of teaching and art. Retiring from teaching in 2012 provided more time to focus on her art, so Bonnie began crafting and creating mixed media pieces. This eventually led to her discovery of alcohol ink—an acid-free and highly-pigmented substance that creates vibrantly-colored works—and she knew she had found her medium.

Redefining Retirement
Make Mine Art party

Redefining Retirement: Never Letting the Paint Dry

After years of serving CPS as an art teacher, art curriculum developer, and graphic artist, Patricia Stewart was able to really tap into her artistic side when she retired in 2010. Her works include paintings, collages, dry pastels, and acrylics, with each piece having its own distinctive style. She draws inspiration from her extensive travels, cultural background, and love of jazz, using them to create abstract, spiritual, and whimsical pieces.

Redefining Retirement

Redefining Retirement: Kid in a Candy Store

When she retired from being a band director and general music teacher in 2004, Janine Ptasinski was in no way ready to slow down or let go of her creative spirit. In fact, she decided to double down on her artistic efforts, taking on creative endeavors she had never before explored.

Press Release

CTPF Launches New Website
The completely redesigned website, ctpf.org, features a cleaner, more comprehensive layout, creating a better user experience for all audiences

The Chicago Teachers’ Pension Fund (CTPF) launched a completely redesigned website at www.ctpf.org. This newly redesigned website offers quick and easy access to essential information, and offers a more intuitive user experience. The new website has a clean, uncluttered design, improved functionality and navigation, and enhanced, updated content.

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Trustee Vacancy Declared: Applications Due July 6

In accordance with the Pension Board Bylaws, following Trustee Eshoo’s resignation, the Board declared a vacancy in a Teacher Trustee position. The Vacancy Committee appointed by Board President Jay Rehak includes Trustees Lois W. Ashford (chair), Jeffery Blackwell, and Mary Sharon Reilly. The committee will evaluate candidates and make a recommendation to the Board at the next regular meeting on July 19, 2018. The individual appointed to fill the position will serve until this fall’s annual election in November.

Redefining Retirement
Co-authors Lloyd Rutzky and Joel Levin

Redefining Retirement: A Whole New Ballgame

After retiring from teaching in 2007, Joel Levin took on a project paying homage to his first career as a ballpark vendor, which he did from 1962-1976. Together with co-author and amateur photographer Lloyd Rutzky, he has written Wrigley Field’s Amazing Vendors, a book that shares photographs and stories of the unique cast of characters that sold goods at Wrigley Field during the 1970s.

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Trustee Bernice Eshoo and CTPF Board Members

CTPF Trustee Bernice Eshoo Announces Retirement

CTPF extends its congratulations and best wishes for a long, happy, and productive retirement to CTPF Trustee Bernice Eshoo, who announced her retirement from CPS after 34 years of service. A tireless advocate for students, Trustee Eshoo has been a dedicated volunteer for various student-focused organizations and has served on several other committees and boards in addition to her duties as a CTPF Trustee.

Redefining Retirement
Cindy Roder with some of her Zentangle drawings

Redefining Retirement: A New Artistic Method

It’s not unusual for retired teachers to tap into their artistic sides once retirement provides them with the free time to do so. After retiring in 2012, Cindy Roder decided to try her hand at a new type of creative outlet: Zentangle drawing.

Press Release

CTPF Board Passes Unanimous Resolution Supporting Opioid Lawsuit
CTPF Trustees support action against companies which created and continue to perpetuate the nation’s opioid crisis

During their meeting on Thursday, May 17, 2018, the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees (Board) unanimously passed a resolution supporting a lawsuit brought by local governments and Health & Welfare Funds against the pharmaceutical manufacturers, wholesalers, distributors, and pharmacy benefit managers who have helped to create and perpetuate the nation’s opioid crisis. The action also demonstrates the Board’s support and obligation to continue to protect CTPF’s members in administering and contracting for the health insurance program that CTPF offers to its retirees.

Press Release

CTPF Provides $1.9 Billion Positive Impact to Illinois Economy
CTPF Releases 2018 Economic Impact Statement

The Chicago Teachers’ Pension Fund (CTPF) today announced the release of its 2018 Economic Impact Statement. CTPF made $1.3 billion in direct payments to annuitants living in Illinois in 2018. Those payments had a $1.9 billion impact on the Illinois economy, supporting 14,704 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 and details CTPF’s impact on the State of Illinois and the City of Chicago. The 2018 edition breaks out economic impact by Chicago Ward for the first time.

Press Release

CTPF Maintains Policy to Divest from all Investments in Retail Assault Weapons Manufacturers
CTPF Applauds AFT Call for Investor Action to Hold Gun Manufacturers Accountable for Risks to Society

The Chicago Teachers’ Pension Fund (CTPF) applauds the American Federation of Teachers (AFT) for its report issuing a call to action asking investors to hold gun manufacturers accountable for risks to society. In January 2013, responding to the tragedy at Sandy Hook Elementary School, CTPF’s Board of Trustees took action to divest from all investments in retail assault weapons manufacturers. CTPF Trustees continue to hold fund managers accountable for following this policy to protect teachers and students from mass violence. The AFT issued a report urging all pension fund trustees to meet with their asset managers, engage in meaningful dialogue, and take action by addressing risk exposure through divestment.

Redefining Retirement

Redefining Retirement: An Enlightening Second Career

Before retiring in 2012, Elizabeth Landerholm had a diverse teaching career that included teaching preschool through third grade, supervising preschool student teachers, and running an Even Start after-school program. She loved working with and helping people—a good trait for a teacher!—and wanted to find a way to continue doing that even though she was retiring from teaching. Her quest eventually put her on the path of energy healing.

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Pension Funding
CTPF Response to Story in the Chicago Tribune

With the recent release of the Chicago Tribune editorial and story, CTPF has been receiving messages from members concerned about their pensions. CTPF has a stable funding plan which will bring our funded ratio up from the current 50.1% to 90.0% by 2059. Pensions for CTPF members are guaranteed, and CTPF has never missed a pension payment.

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Outside Subsidy Rebate Proof

Outside Subsidy Rebate Proof

Members who received notification about the health insurance premium subsidy rebate must submit their application by August 31, 2018. This video walks you through the acceptable forms of proof that may accompany the application.

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Lois Nelson

Lois Nelson Appointed to Fill Pensioner Trustee Vacancy

Thursday, March 15, 2018, the Chicago Teachers’ Pension Fund Board of Trustees appointed Lois Nelson to serve as a Pensioner Trustee until the Board’s November 2018 meeting. Trustee Nelson temporarily fills the vacancy created by Dr. Walter E. Pilditch’s death on December 24, 2017. There will be an open election this fall to complete the remaining year of Dr. Pilditch’s two-year Pensioner Trustee term.

Redefining Retirement
Migdalia Galarza pencil portrait

Redefining Retirement: Portrait of an Artist

With a natural talent for art—particularly drawing portraits—in her youth Migdalia Galarza dreamed of becoming an artist, but like many others, felt the pressure to find the stability of a “real” job. She began working as a substitute teacher for CPS, took night classes to earn her certification (which she achieved in 1993), then worked as a full time teacher until she retired from Sabin Magnet Elementary School in 2012.

Redefining Retirement
New Horizons Band

Redefining Retirement: If Music be the Food of Love…

After retiring from Claremont Math and Science Academy in 2012, Joy Reeves was ready for a new challenge. Her grandson had recently taken up playing the saxophone, and seeing how much fun he was having learning a musical instrument, Joy knew what she wanted to do with her newfound free time.

Redefining Retirement

Redefining Retirement: Gathering No Moss

Nineteen years ago this week, Glenn Anderson left his teaching job at Taft High School, unsure of what came next. Several friends and colleagues who had retired moved south and just sort of faded away, and at a spry 56 years old, with his mind and body still relatively intact, Glenn decided that wasn’t the life for him, and regarded the end of his teaching career not as retirement, but “leaving with a pension.”

News

Board of Trustees Pensioner Trustee Vacancy

On December 24, 2017, Dr. Walter E. Pilditch, a Pensioner Trustee, passed away following a short illness. Trustee Pilditch will be missed by the Board of Trustees and Fund staff. We will always remember and appreciate his dedication to education and the retirement security of the Chicago teaching community.

Redefining Retirement
Backpacks filled with art supplies provided by Art Helps Heal

Redefining Retirement: Art Helps Heal

After teaching art at Walt Disney Magnet School for more than 30 years, Anne Hollenbeck quickly sought out a new artistic outlet when she retired in 2010, and began volunteering at Lurie Children’s Hospital.

Press Release

CTPF Files Suit against Prologue, Inc., for Failure to Report Teachers and to Make Pension Contributions

The Chicago Teachers’ Pension Fund (CTPF) today filed a lawsuit in Cook County Circuit Court against Prologue, Inc., the operator of the now-closed Joshua Johnston Charter School for Fine Art and Design (Johnston). The suit alleges that between at least January 2013 and June 2016, Prologue failed to report the employment of licensed teachers and to pay pension contributions to CTPF as required by the Illinois Pension Code on behalf of those teachers. As shown in the audit, Prologue reported only 6 out of 16 Johnston licensees in Fiscal Year 2014 and, despite Johnston having 17 licensees in Fiscal Year 2015 and 14 licensees in Fiscal Year 2016, Prologue reported no teachers or other licensed employees to CTPF for either of those fiscal years. The suit also names the organization’s Chief Executive Officer Nancy E. Jackson and Chief Financial Officer and Pension Officer Jack Robertson, asking the court to hold them personally accountable for their actions.

Redefining Retirement
Kathy Konopasek meets some lions

Redefining Retirement: Going Wild

A popular answer when asking a new retiree what they plan to do with their time is “travel.” But Kathy Konopasek has taken the concept of traveling when retired to a whole new level.

Press Release

CTPF Remains Leader Among Pension Funds in MWDBE Efforts

The Chicago Teachers’ Pension Fund (CTPF) today announced that it invested $4.0 billion, more than one-third of total fund assets, with Minority, Women and Disabled-Owned Business Enterprise (MWDBE) firms. The Fund’s work was highlighted during October testimony presented to legislators at an Illinois Senate Committee hearing on Pensions and Investments.

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School Funding Legislation Provides State Pension Contribution to CTPF

On Thursday, August 31, 2017, Governor Rauner signed Senate Bill 1947 into law. The bill was passed earlier this week by both the Illinois House and Illinois Senate. This legislation makes changes to Illinois’ school funding formula, and requires the State to pay the long-sought normal cost of Chicago teachers’ pensions.

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CTPF Antitrust Lawsuit Clears Major Hurdle

The Chicago Teachers’ Pension Fund’s ongoing antitrust litigation involving the world’s largest banks cleared a major hurdle on July 28, 2017, when Judge Paul Engelmayer of the U.S. District Court for the Southern District of New York ruled that the suit could proceed. The Fund’s lawsuit, filed in November 2015, alleges that the world’s largest investment banks conspired to engineer and maintain a collusive and anti-competitive stranglehold over the market for interest rate swaps (IRS), in violation of federal antitrust laws.

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Gregory Redfeairn

Gregory Redfeairn Selected to Fill Teacher Trustee Vacancy

Thursday, July 20, 2017, Chicago Teachers’ Pension Fund Board of Trustees voted for Gregory Redfeairn to serve as a Teacher Trustee. Redfeairn will serve out the remainder of Raymond Wohl’s term, until the Board’s regular November meeting. Trustee Wohl retired from active service in June.

Redefining Retirement

Redefining Retirement with Dianne Yonkers

As a school psychologist and special education administrator with 35 years of experience mostly on the West Side, Dianne Yonkers knows better than most the difficulty that life transitions can cause. She has helped countless students transition from elementary to high school and beyond, and well understood the importance of planning and organizing her post-retirement life.

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CPS Makes Partial 2017 Pension Payment

The Chicago Board of Education (CPS) is required to make a payment to the Chicago Teachers’ Pension Fund (CTPF) of $733 million for the 2017 fiscal year, ending June 30, 2017. Prior to today, the balance due to CTPF was $714 million.

Redefining Retirement
Gary hiking the Grand Canyon

Redefining Retirement: Gary Wojton Goes Wild in Retirement

After 34 years as a CPS nationally board certified physical education teacher, Gary Wojton left Peterson Elementary School and was ready for a change. A move to Scottsdale, Arizona, in 2008 could have had all the makings of a sleepy retirement, but Gary wasn’t looking to slow down. He immediately landed a job with the Scottsdale Unified School District as an instructional assistant, tutoring reading and/or math, and then set out on his own path of learning.

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CTPF Executive Director Testifies in Support of HB 2948

April 4, 2017, CTPF Executive Director Charles A. Burbridge traveled to Springfield to testify before the House Appropriations-Elementary & Secondary Education Committee during a subject matter hearing which included House Bill 2948. The bill, sponsored by Representative William Davis (D- East Hazel Crest), Committee Chair, addresses the issue of State of Illinois pension parity for CTPF.

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CTPF Executive Director Testifies in Springfield

January 24, 2017, CTPF Executive Director Charles A. Burbridge offered testimony before the Illinois Senate Executive Committee in Springfield, Ill. The committee held subject matter hearings on several bills including Senate Bill 5 and Senate Bill 11, both sponsored by Senate President John J. Cullerton.

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CTPF Executive Director Responds to Pension Funding Bill Veto

“Education funding reform is a must for our state and pension parity is one important avenue for achieving this goal.”

On Thursday, December 1, Gov. Bruce Rauner vetoed a bill that would appropriate $215.2M to the Chicago Teachers’ Pension Fund for FY 2017. The Illinois Senate immediately moved to override the veto by a vote of 36-16. The House has up to 15 days to pass the funding bill that will support Chicago’s students and teachers.