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

News

Chicago Teachers’ Pension Fund CIO Angela Miller-May Recognized as Trailblazer of the Year by the Women Investment Professionals Organization of Chicago 
Miller-May honored for her leadership professionally and personally including efforts to further the success of women and minorities

CHICAGO – The Chicago Teachers Pension Fund (CTPF) Chief Investment Officer Angela Miller-May, has been chosen Trailblazer of the Year by the Women Investment Professionals Organization (WIP) of Chicago. WIP is a professional women’s organization based in Chicago, that supports women in the institutional investment community.  The award will be presented virtually at their Annual Trailblazer event on Thursday, October 22, 2020. 

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CTPF Board of Trustees Meeting
Meeting Materials Available on BoardDocs Meeting Management System

7:00 p.m. The meeting adjourned.

2:00 p.m. Trustees have returned​.

1:15 p.m. Trustees have recessed for lunch and will reconvene at 2:00 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, September 17, 2020, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

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Open Enrollment Handbook Available Online

The 2021 Open Enrollment Period for health insurance will run from October 1-31, 2020. During this period, annuitants can enroll, add a dependent, or change a health insurance plan or carrier. Changes made during Open Enrollment become effective January 1, 2021.  

The 2021 Open Enrollment Handbook is now available online.  

All plans offered in 2020 will be offered in 2021.  

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Chicago Teachers’ Pension Fund Submits Eleventh Annual Report on Illinois Economic Opportunity Investments
CTPF Trustees focus on investment opportunities that contribute to the growth of the Illinois economy

Chicago – September 11, 2020 – The Chicago Teachers’ Pension Fund (CTPF) submitted its eleventh annual report on Illinois Economic Opportunity Investments, made by this retirement system as provided by PA 096-0753 of the Illinois Pension Code, to the Governor and the General Assembly. The Trustees of CTPF adhere to an informal policy of selecting Illinois-based managers, with all other factors being equal and utilizes investment opportunities to contribute to the growth of the Illinois economy. As of June 30, 2020, CTPF employed 19 Illinois-based investment managers who managed assets with a market value of $2.4 billion. These assets represented 22.2% of CTPF’s investment portfolio. 

“CTPF Trustees and staff have a strong commitment to the economy of the State of Illinois. This is evident in our annual Illinois Economic Opportunity Investments report that is sent to the Governor and the General Assembly. For nearly a decade, Illinois-managed assets have accounted for a significant percentage of our total fund. We are proud to promote economic activity in Illinois through our holdings and our use of Illinois-based external managers and broker/dealers,” stated, Executive Director Charles A. Burbridge. 

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August 26 Town Hall Webinar Available for On-Demand Viewing 

August 26, 2020, CTPF’s Executive Director Charles A. Burbridge and Chief Investment Officer Angela Miller-May hosted a webinar for members. The webinar offered a general overview of Fund operations, looked at long-term investment performance and CTPF’s investment philosophy, and offered reminders for the fall.  

The webinar is now available for on-demand viewing.  

PDF of August 26, 2020 Town Hall Webinar Presentation 

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CTPF Board of Trustees Approves Investment Recommendations  
Fund Continues to Prioritize Investing in Minority, Women and Disadvantaged-Owned Business Enterprise Efforts 

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees approved two investment recommendations at the Regular Meeting of the Board of Trustees on August 20, 2020, which was held remotely due to COVID-19.  

The Board approved the exit from the redemption queue for UBS Trumbull Property Fund, and elected to participate in the 25% Fee Discount program.  

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2021 Open Enrollment Update
Open Enrollment for CTPF Health Insurance Plans runs October 1-31, 2020

The 2021 Open Enrollment Period for health insurance will run from October 1-31, 2020. During this period, annuitants can enroll, add a dependent, or change a health insurance plan or carrier. Changes made during Open Enrollment become effective January 1, 2021. 

CTPF will offer expanded educational programs by webinar and phone conference this fall. Telephone and video counseling appointments with counselors from CTPF’s Member Services department are also available. 

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CTPF Trustees Change Election Policy to Enable Teacher Trustee Elections During Pandemic

This fall, CTPF is scheduled to hold an election for two Teacher Trustees who will serve three-year terms from November 2020 – November 2023.  At their August 20, 2020, meeting, the CTPF Board of Trustees voted to change their Election Policy for fall of 2020 to facilitate the collection of nominating signatures and the distribution of voting credentials by mail.  

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2021 Open Enrollment Preview
Open Enrollment for CTPF Health Insurance Plans runs October 1-31, 2020

The 2021 Open Enrollment Period for health insurance will run from October 1-31, 2020. During this period, annuitants can enroll, add a dependent, or change a health insurance plan or carrier. Changes made during Open Enrollment become effective January 1, 2021. 

CTPF will offer expanded educational programs by webinar and phone conference this fall. Telephone and video counseling appointments with counselors from CTPF’s Member Services department are also available. 

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CTPF Trustees to Consider Election Changes Due to Pandemic

The Chicago Teachers’ Pension Fund (CTPF) is governed by a 12-member Board of Trustees, 10 elected by members and 2 appointed by the Chicago Board of Education. The election of CTPF Trustees is governed by Illinois State statute and implemented according to the CTPF Election Policy.  

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Chicago Teachers’ Pension Fund Provides $1.98 Billion Positive Impact to Illinois Economy
CTPF Releases 2020 Economic Impact Statement

The Chicago Teachers’ Pension Fund (CTPF) announced the release of its 2020 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2019. Those payments had a $1.98 billion impact on the Illinois economy, supporting more than 13,100 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 report includes economic impact by legislative district and Chicago ward.   

“The 2020 Economic Impact Statement quantifies the economic affect that CTPF has on the State of Illinois and the City of Chicago. Our retirees advance the financial health of the communities across the State of Illinois,” said Jeffery Blackwell, President, CTPF Board of Trustees. “Our members with guaranteed income continue to spend, even during recessionary times. They have a profound and positive impact by helping to keep workers in their jobs, momentum in the local and greater economy, and providing much needed financial support especially during this unprecedented economic situation.” 

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CTPF Special Board of Trustees Meeting
Meeting Materials Available on BoardDocs Meeting Management System

5:15 p.m. the Special Board Meeting has ended.

2:00 p.m. Trustees have returned

1:15 p.m. Trustees have recessed for lunch and will reconvene at 2:00 p.m.

The CTPF Board of Trustees is holding a Special Board meeting, today, July 27, 2020, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

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CTPF Operating Remotely

CTPF is committed to doing our part to stop the spread of COVID-19. For the health, safety, and wellbeing of all CTPF Members, the Fund continues to deliver all member services remotely. The physical office remains closed to all but essential employees whose duties cannot be performed offsite. In-person services and counseling have been suspended until it is safe to resume these operations.

CTPF has implemented the following changes for the health and safety of all:

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Medicare Fraud Warning
U.S. Department of Health and Human Services warns of COVID-19 scammers

The U.S. Department of Health and Human Services is warning that scammers are using the COVID-19 pandemic to try to steal Medicare Numbers and personal information. Con artists have been are offering free masks, COVID-19 testing kits, “COVID-19 cures,” or protective equipment in an attempt to steal information. If anyone reaches out to get your Medicare Number or personal information in exchange for something, it’s likely a scam.

Guard your Medicare card like it’s a credit card.

Remember:

Redefining Retirement

Redefining Retirement: Meet Author and Mentor Robin Henry

Robin Henry graduated from University of Illinois at Urbana-Champaign with a degree in Rhetoric and Advertising. She was recruited for Teachers for Chicago and spent the next chapter of her career in CPS schools, first as a high school English teacher and then as a curriculum coordinator. She said good-bye to CPS and retired on her birthday in 2018 and returned to Advertising the very next day.

Redefining Retirement

Redefining Retirement: Making Life Better, Meet Randall Postiglione

Randall Postiglione is driven by an old Albert Einstein quote that was more recently adopted by Will Smith: “If you’re not making someone’s life better, then you’re just wasting your time.” He is a former chef, CPS teacher, college math teacher, taught math for the trades at US Steel, and is now a self-described ‘math teacher at-large’ who works ‘on assignment.’

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CTPF Personnel Committee Meeting Today
Meeting Materials Available on BoardDocs Meeting Management System

5:26 p.m. the meeting has come out of Executive Session and adjourned.

1:20 p.m. meeting is in Executive Session.

The CTPF Board of Trustees is holding a Personnel Committee meeting, today, July 9, 2020, at 1:00 p.m. Due to the COVID-19 emergency, and in accordance with the temporary changes to the Open Meetings Act, this meeting is being conducted via audio/video conferencing.

News
CTPF Board of Trustees President Jeffery Blackwell

The Chicago Teachers’ Pension Fund Celebrates Quasquicentennial (125th anniversary) on July 1, 2020
Anniversary commemorates 125 years of providing, protecting, and enhancing the present and future economic well being of members and annuitants

Chicago, IL – July 1, 2020 – The Chicago Teachers’ Pension Fund (CTPF) celebrates its quasquicentennial (125th anniversary) today, July 1, 2020. The quasquicentennial provides a unique opportunity to reflect on the rich history of the Fund’s ability to provide, protect, and enhance the present and future economic well being of members, pensioners, and beneficiaries and renew CTPF’s commitment to helping teachers from the very first day to the very last and beyond. 

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CTPF Recognizes Juneteenth as Official Holiday
Board of Trustees votes to recognize Friday, June 19, 2020, as an Employee Holiday

Acts of racism and injustice are too familiar and wholly unacceptable. In the wake of George Floyd’s death at the hands of police and the Black Lives Matter protests that have followed, Illinois private and public companies are joining employers elsewhere in the nation in marking Juneteenth, also known as Emancipation Day or Freedom Day. At their June 18, 2020, meeting the CTPF Board of Trustees affirmed that CTPF would officially recognize Juneteenth, by closing the CTPF office on Friday, June 19, 2020, and giving employees a paid holiday.

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US Mail to CTPF Interrupted
Members encouraged to Fax 312.641.7185 or email a .pdf to imaging@ctpf.org

Restrictions to the downtown area have resulted in US Mail Service interruptions and CTPF is not receiving regular mail deliveries. As of June 1, 2020, CTPF continues to advise all members to submit documents electronically to ensure prompt processing. If you are submitting your retirement application, change of address, direct deposit authorization, health insurance reimbursement, or other forms, the best way to send documents is by Fax 312.641.7185 or email a .pdf to imaging@ctpf.org.

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CTPF Commits $70 Million to MWDBE Firms

The Chicago Teachers’ Pension Fund reaffirms its commitment to minority, female, and disabled participation (MWDBE) in all areas of investments. At the May 21, 2020, Board of Trustees Meeting, the Board approved new private equity and real estate commitments totaling $70 million to emerging or MWDBE person-owned private equity managers.

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CTPF Board of Trustees Meeting
Meeting Materials Available on BoardDocs Meeting Management System

6:00 p.m. The CTPF Board of Trustees Meeting has adjourned.

1:00 p.m. The meeting is out of executive session but will break for lunch until 1:30.

9:45 a.m. the Meeting is in Executive Session

The CTPF Board of Trustees is holding a meeting today, May 22, 2020, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with the temporary changes to the Open Meetings Act, this meeting is being conducted via audio/video conferencing.

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CTPF Board of Trustees Meeting May 21, 2020
Meeting to be Conducted by Zoom Videoconference

The Board of Trustees will meet on Thursday, May 21, 2020, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with the temporary changes to the Open Meetings Act, this meeting is being conducted via audio/video conferencing.

Public participation will be available at the beginning of the meeting. The agenda and meeting materials are available through the BoardDocs meeting system. 

This meeting will be conducted by Zoom videoconference.

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Remote Notarization Services Available for CTPF Doc
CTPF Offers Notarization via Zoom Videoconference

While CTPF accepts many documents via email or fax, the requirement for a notary to witness signatures remains in place for important documents. Documents are notarized to deter fraud and to ensure proper execution.  

CTPF now offers remote notarization for CTPF documents, in accordance with Illinois law. Members who would like assistance notarizing CTPF documents should call or email Member Services at 312.641.4464 or memberservices@ctpf.org, and request a zoom videoconference for notarization.

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Voicemail Disruptions Possible
Some voicemails may not have been received

CTPF has been experiencing technical issues with its voice mail system within the last week. It’s possible that some recent messages may not have been received. Calls are generally returned within 24-48 hours. If you have left a message for CTPF Member Services and have not had a call returned within this timeframe, please call back at 312.641.4464 and leave another message. Please clearly state your name, phone number, the nature of your business inquiry, and note that this is a repeat request. Your call will be returned as soon as possible.

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CTPF Special Board of Trustees Meeting
Meeting Materials Available on BoardDocs Meeting Management System

5:50 The CTPF Board of Trustees Meeting has adjourned.

12:20 The CTPF Board of Trustees has returned to Open Session

10:11 CTPF Trustees are in closed session. We will notify all participants when we return to open session. ​

The CTPF Board of Trustees is holding a special meeting today, April 23, 2020, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with the temporary changes to the Open Meetings Act, this meeting is being conducted via audio/video conferencing.

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Members Encouraged to Submit Documents Electronically
Fax 312.641.7185 or email a .pdf to imaging@ctpf.org

Given the uncertainties with the COVID-19 outbreak, CTPF is advising all members to submit documents electronically. If you are submitting your retirement application, change of address, direct deposit authorization, or other forms, the best way to send documents is by Fax 312.641.7185 or email a .pdf to imaging@ctpf.org

A majority of CTPF members are working remotely and sending documents electronically ensures that we will process them as quickly as possible.

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Silver Sneakers offers Online Fitness Options
News for CTPF UHC Medicare Advantage PPO and Humana HMO members

CTPF retired members who enrolled in the UnitedHealthcare Medicare Advantage PPO or Humana HMO and participate in SilverSneakers may have some additional options. SilverSneakers (https://tools.silversneakers.com/) is helping members stay safe and healthy during #COVID19 with free virtual activities that members can engage in and remain safe, but be active in their homes and also continue to feel connected socially.

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Cavallaro Named 2020 Notable Woman Executive
Crain's Chicago Business Recognizes CTPF's Deputy Executive Director

Chicago Teachers’ Pension Fund Deputy Executive Director Mary Cavallaro, has been recognized by Crain’s Chicago Business as a 2020 Notable Woman Executive Over 50. Those who made the 2020 list were nominated for consideration by the Crain’s Chicago Business editorial team, and those who met the requirements and were deemed “notable” by the team were selected to be featured.

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Chicago Teachers’ Pension Fund Releases 2019 Comprehensive Annual Financial Report

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2019 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, 2019.

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CTPF Special Board of Trustees Meeting March 31, 2020
Meeting to be Conducted by Zoom Videoconference

There will be a Special Meeting of the Board of Trustees of the Public School Teachers’ Pension and Retirement Fund of Chicago, on Tuesday, March 31, 2020, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with the temporary changes to the Open Meetings Act, this meeting is being conducted via audio/video conferencing.

Public participation will be available at the beginning of the meeting. The agenda and meeting materials are available through the BoardDocs meeting system. 

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CTPF Portfolio Manager- Private Equity Andrew Kelsen recognized as one of Trusted Insight’s 2020 Top 30 Pension Private Equity Investors

CTPF Portfolio Manager- Private Equity Andrew Kelsen has been named as one of Trusted Insight’s 2020 Top 30 Pension Private Equity Investors. Trusted Insight is the world’s biggest network of institutional investors. The list highlights “30 investors who manage multi-billion-dollar investment portfolios for some of the larger LPs in the U.S. and have built successful portfolios that have stood the test of time.”

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CTPF COVID-19 Launches Information Page

The health and well-being of our members and staff, and the continuation of business operations, are our primary concerns. Our Fund has operated continuously for 125 years and we continue to serve our members during this unprecedented time. 

Members can visit https://www.ctpf.org/covid-19 for the latest news and updates from the Fund.

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Members Encouraged to Submit Documents Electronically
Fax 312.641.7185 or email a .pdf to imaging@ctpf.org

Given the uncertainties with the COVID-19 outbreak, CTPF is advising all members to submit documents electronically. If you are submitting your retirement application, change of address, direct deposit authorization, or other forms, the best way to send documents is by Fax 312.641.7185 or email a .pdf to imaging@ctpf.org

A majority of CTPF members are working remotely and sending documents electronically ensures that we will process them as quickly as possible.

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Direct Deposit and Electronic Form Submission Encouraged
Members encouraged to submit forms electronically and switch to direct deposit

Submit Documents Electronically

Members who wish to submit a form or documentation to CTPF are encouraged to Fax to 312.641.7185 or email a .pdf to imaging@ctpf.org materials as soon as possible.

Switch to Direct Deposit

Given the uncertainties with the COVID-19 outbreak, CTPF is advising all members who receive benefit checks to sign up for direct deposit as soon as possible in an effort to ensure timely benefit payments.

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CTPF Health Insurance Plan Updates
Important Information for Members Enrolled in CTPF Health Insurance Plans

The impact of COVID-19 is evolving and CTPF’s healthcare providers are changing their benefits to provide additional services to members.

Healthcare Updates for CTPF Plan Enrollees

Resources are available to CTPF Members and their dependents enrolled in CTPF health insurance plans. All insurance carriers have  waived all member cost sharing, including copays, coinsurance and deductibles,for COVID-19 diagnostic testing.

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CTPF Operations Update
CTPF Office Closed and Board of Trustees Meetings Cancelled in Response to COVID-19 Pandemic

It has been an eventful few weeks with public attention worldwide focused on the novel coronavirus (COVID-19) pandemic. We recognize this may be causing concern, and we want to let you know about our approach. We prioritize the wellbeing of our members and staff. We consult information provided by health agencies such as the Illinois Department of Public Health and the national Centers for Disease Control and Prevention (CDC) who provide guidance about preventative actions to help prevent the spread of any respiratory disease.

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Webinars Replace 2020 Retirement Seminars
Two Webinars will be offered on April 7, 2020

Based on public health guidance to limit gatherings due to the Coronavirus (COVID-19) pandemic, CTPF will NOT be holding in-person Retirement Seminars at 425 S. Financial Place. We will be conducting the April 7, 2020, retirement seminars by webinar. 

The webinars will cover the CTPF retirement process and will feature a live Q and A period for general questions.

April 7, 2020 Retirement Webinars

9:00 – 10:30 a.m. register at http://bit.ly/3aQnH6W

1:00 – 2:30 p.m. register at http://bit.ly/38EwzLn

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CTPF Celebrates Quasquicentennial Anniversary in 2020
Share your stories and photos for the celebration

The Chicago Teachers’ Pension Fund (CTPF) will celebrate its quasquicentennial (125th anniversary) throughout 2020. CTPF will commemorate this milestone of serving members, constituents, community, and citizens of Illinois with distinction. 

The quasquicentennial provides a unique opportunity to reflect on the rich history of the Fund, and renew CTPF’s commitment to helping teachers from the very first day to the very last and beyond. 

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2020 Education Sessions for Chicago Teachers’ Pension Fund UnitedHealthcare® Group Medicare Advantage (PPO) Plan Members
Sessions open to members enrolled in this health insurance plan.

This spring UnitedHealthcare (UHC) will offer education sessions for members currently enrolled in their CTPF health insurance plan. These programs are being offered by UHC for CTPF members. The education sessions offer a chance to ask questions directly from UHC representatives and a presentation will highlight some of the additional programs available to plan participants, including:

  • Special programs for those members with chronic conditions like diabetes or heart disease.
  • No cost gym membership.
  • UnitedHealthcare® HouseCalls.
  • Renew by UnitedHealthcare a member-only health and wellness experience.
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Searching for a New Opportunity?
CTPF is Hiring

A new year brings new opportunities. If you’re looking for a new job, consider joining our talented team at the Chicago Teachers’ Pension Fund (CTPF). Our Chicago-based group is looking for qualified candidates with a variety of abilities and skills, and we have multiple positions available.

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CTPF 2020 Trustee Election Packets Available

This fall, CTPF will hold an election for:

  • Two (2) Teacher Trustees to serve three-year terms from 2020-2023 (voting available November 2-6, 2020).

Nominating packet are now available.

Teacher Trustee Candidate Eligibility

Individuals who wish to run for office must meet the following criteria as of October 1, 2020:

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CTPF will close for President’s Day

The CTPF office will be closed on Monday, February,17, 2020, in observance of President’s Day. The office will reopen at 8:00 a.m. on Tuesday, February,18, 2020. 

Find a complete list of public meetings, events, and observed holidays on the calendar page. 

Redefining Retirement
Dr. Nancy Ellis-Robinson

Retirement is the Gift that Keeps on Giving
Meet Author Dr. Nancy Ellis-Robinson

A retired CPS elementary school teacher and principal of the Simon Guggenheim Elementary School, Dr. Nancy Ellis-Robinson accomplished many things as a working professional but just as much in retirement. She says, “retirement is a gift,” and over the last two decades she has enjoyed the unexpected opportunities that have come her way.

Dr. Ellis’ teaching career began in fifth grade when she stood in the front of her own class teaching fractions when her teacher did not arrive to class on time. Later on, she pursued a teaching degree and received her bachelor’s degree from Chicago State University, her master’s in Educational Administration and Supervision from Roosevelt University, a master’s in Innercity Studies from Northeastern Illinois University, and an EdD from Loyola University of Chicago. She was a faculty member at Cambridge College, in Cambridge, Mass., and taught and worked in Administration for 20 years in their School of Education. She is also published in the Journal of Minority Education and the author of Looking for a Party, Interaction Lessons for Children.

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Thinking about Retirement?
Check out the 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).

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Retirement Seminar Registration Now Available
Members considering retirement in June 2020 are encouraged to attend

CTPF members considering retirement in 2020 are invited to join CTPF at one of our 2020 retirement seminars.

Registration for all seminars is now available. 

These 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. 

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Angela Miller-May Speaks at NASP

On January 16, 2020, Chicago Teachers’ Pension Fund (CIO) Angela Miller-May served as a panelist for the National Association of Securities Professionals (NASP) Diverse & Emerging Manager Forum. Miller-May is a sought after expert on pension plans and diversity.

The program title, “CIOs Speak: Updates & Perspectives on State Pension Plans,” featured  Miller-May, along with Johara Farhadieh, Executive Director & Chief Investment Officer for the State of Illinois, and Steve Yoon, Investment Officer at the Municipal Employees’ Annuity & Benefit Fund of Chicago. The panel was moderated by Brian F. Collins, Executive Director of the Illinois Municipal Retirement Fund.

The discussion focused on Illinois’ legislation regarding minority firms’ participation in managing pension plan funds, and how this legislation could be replicated in other states. CTPF currently invests 44.4% of its assets with minority, women, and disabled business enterprise firms.

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Register Today for CTPF Spring Town Hall Webinar
Webinar scheduled for March 18 at 4:30 p.m.

Please join CTPF Executive Director, Charles A. Burbridge, on Wednesday, March 18, 2020, at 4:30 p.m for a Town Hall Webinar. The program will offer a quarterly update and overview of your Pension Fund. Topics that will be covered include a quarterly financial update, a look at plans for our 125th anniversary celebration, and a review of important dates and information for members considering retirement in 2020. 

The webinar will last about 45 minutes. 

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Trustees Open New Meeting Space
Ribbon Cutting Ceremony Marks Official Opening of 425 S. Financial Place

This morning, the CTPF Board of Trustees officially opened their new meeting space at 425 S. Financial Place. CTPF moved from its former space at 203 N. LaSalle Street on November 22, 2019.

“While our former office space served us well and we enjoyed much growth there,” said President Jeffery Blackwell, “it is at our new space that we will achieve future success. It is particularly significant to note that we are unveiling our Board Meeting Room as we embark on the celebration of our quasquicentennial – 125th anniversary in 2020.

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Retirement Seminar Registration Now Open
Members considering retirement in June 2020 are encouraged to attend

CTPF members considering retirement in 2020 are invited to join CTPF at one of our 2020 retirement seminars.

Registration for all seminars is now available. 

These 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. 

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Retirement Seminar Registration Opens Wednesday
Members considering retirement in June 2020 are encouraged to attend

CTPF will open registration for 2020 Retirement Seminars at 9:00 a.m. on Wednesday, January 8, 2020. Members considering retirement in 2020, 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. 

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

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Save the Date: 2020 Retirement Seminars
Members considering retirement in June 2020 are encouraged to attend a seminar

CTPF members considering retirement in 2020, 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.

2020 Retirement Seminars 

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Holiday Office Hours
Important information on office closings through January 1, 2020

Members planning to visit the Chicago Teachers’ Pension Fund (CTPF) should be aware of the following holiday hours:

  • December 24, 2019, CTPF office will close at 3:00 p.m.
  • December 25, 2019, CTPF office closed
  • December 31, 2019, CTPF office will close at 3:00 p.m.
  • January 1, 2020, CTPF office closed

Normal office hours will resume on January 2, 2020, at 8:00 a.m.

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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., December 19, 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: Embrace All Your Career Paths
Meet Beverly Biehr

It has become increasingly common to have multiple careers in a lifetime. Just ask Beverly Johnson Biehr how she has done it. Work wasn’t just a paycheck but a way to pursue her passions.

After graduating from Iowa State University, Beverly became a Peace Corps-type short-term Methodist missionary in Chihuahua, Mexico. She later took her first teaching job in the Chicago Public Schools (CPS) where she worked for 27 years at Waller High School, Whitney Young High School and the Bureau of Science as Coordinator of Family Life Education. Shortly after retirement from CPS, Beverly went back to seminary and completed work to become a pastor. As writing played an important part in both of those careers, she took an adult education class and joined a writers group. Today, she is a writer/author, book club speaker, and enjoying the snowbird lifestyle in Indiana and Florida with her husband Harry.

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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., November 21, 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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Chicago Teachers’ Pension Fund Remains Leader Among Pension Funds in Minority, Women and Disabled-Owned Business Enterprise Efforts

The Chicago Teachers’ Pension Fund (CTPF) announced that it invested $4.7 billion, more than 44.4 percent of total fund assets, with Minority, Women and Disabled-Owned Business Enterprise (MWDBE) firms in fiscal year 2019. This represents a 2.50% increase over 2018 investments. The Fund’s work was highlighted during October 23, 2019, testimony presented to state legislators at an Illinois Senate Special Committee hearing on Pensions and Investments held in Chicago.

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CTPF On the Move November 22, 2019
CTPF will move to 425 South Financial Place, Suite 1400

The Chicago Teachers’ Pension Fund (CTPF) will relocate to offices in the South Loop at 425 South Financial Place, on November 22, 2019. The office will close at noon on November 22 and will reopen to the public on Monday, December 2, 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.

News

Important Notice: CTPF Pensioner Trustee Election Update

The Chicago Teachers’ Pension Fund (CTPF) is currently holding an election for three Pensioner Trustees who will serve two-year terms from November 2019-November 2021. CTPF certified five candidates for three positions in this election. One of the candidates, Robert F. “Bob” Bures, passed away on October 21, 2019. The Fund’s agent, Election-America, distributed ballots to all eligible voters on October 18, 2019.

The Pensioner Trustee election will continue as planned. However, votes cast for Mr. Bures will not be included in the election results.

News

CTPF Remembers Trustee Robert F. “Bob” Bures
CTPF Trustee Robert F. “Bob” Bures passed away on Monday, October 21, 2019.

Bob was a young 80 years old, and the beloved husband to Carol and a loving father, grandfather, brother, uncle, cousin and friend to many. His published obituary may be found here.

Bob was elected to represent retired teachers on the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees in 2013, 2015, and in  2018. He was an active member of the Board. Bob chaired the Return to Work and Pension Laws and Administrative Rules Committees, and also served on the Health Insurance and Communications Committees.

His career spanned more than 30 years. Bob worked as a teacher, assistant principal, and principal in the Chicago Public School (CPS) system. Upon retirement, he served for 10 years as Executive Director of the Retired Teachers Association of Chicago (RTAC).

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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.

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., 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.

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., September 19, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

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., August 15, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

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., July 18, 2019, Board of Trustees meeting are available through the BoardDocs portal. Information is posted in accordance with the Open Meetings Act.

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.

News

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.

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.

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., 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 – 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.”

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., 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:

Redefining Retirement

Subtracting from the Bucket List
Former math teacher Debra Mui has visited 7 continents and 48 states with more adventures on the way....

Traveling to far off lands to escape and explore is often an item on the bucket list of life.  One former teacher has checked off all her ‘travel’ boxes as she and her husband have visited all seven continents.

Debra Mui spent 25 years teaching math at Morgan Park High School. She loved her job, co-workers, and working with students. She wanted to travel, but making it happen did not always add up. Debra found that the opportunity to get away was often limited to short trips because of the constraints of the school calendar. She also noted that the high cost of travel during the summer months when venturing far away would have been ideal is often cost prohibitive.

While she worked as a teacher, Debra enjoyed family vacations throughout North America. During school breaks, she and her family enjoyed alternating between a camping trip one year and a ‘fly-away trip’ the other. When her husband retired, they expanded their horizons and took their first overseas trip and loved it. Debra’s travel ‘problems’ were solved when she retired in 2010. They quickly left on a trip to Antarctica (pictured above).

News

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.

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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.

News

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.

News

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.

News

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.