12:47 p.m. The meeting has adjourned.

10:13 a.m. Trustees have recessed to executive session.

CTPF will hold a special meeting of the Board of Trustees on Tuesday, March 23, 2021, at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

A meeting of the Claims and Service Credit Committee will be held today, April 29, 2021, at 4:30 p.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/videoconferencing.

7:59 p.m. the meeting adjourned. 

7:55 p.m. the meeting returned to open session

6:28 p.m. the Trustees are in executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, June 22, 2021, at 4:30 p.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/videoconferencing.

The meeting agenda has been posted in the BoardDocs meeting management system in accordance with the Open Meetings Act.

Join Zoom Meeting

https://ctpf.zoom.us/j/93170969722

Every year, members in the AARP® Medicare Supplement Plan F (UnitedHealthcare) with Express Scripts Medicare® receive letters that can cause some unintended confusion. UnitedHealthcare is required to send these notifications to ensure members are aware when their AARP Medicare Supplement plan premium will be adjusted. The communication of the rate change is mandated by each states’ Department of Insurance.

The 2021 1099R for pensioners will be mailed today, January 31, 2022, to the address on file at the CTPF on December 14, 2021. The forms will also be posted in the myCTPF Member Self Service Portal on February 1, 2022. If you need a replacement form, you are encouraged to create an account at myCTPF so that you can download it directly. Reprints for 1099Rs will not start until February 15, 2022. 

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2021 Annual Comprehensive Financial Report (ACFR) which includes the Fund’s audited financial statements, management’s analysis, statistics, and other financial information. The ACFR 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, 2021.

Thinking about your future retirement? Your pension is an important part of your future retirement security. CTPF members enjoy a guaranteed pension for life. The calculator can help you estimate your monthly CTPF pension income at retirement. ctpf.org/calculator 

6:45 p.m. The meeting has adjourned

6:06 p.m. the Trustees have recessed to executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, April 20, 2021, at 4:00 p.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/videoconferencing.

The CTPF office will be closed on Monday, May 31, 2021, in observance of Memorial Day. Operations will resume at 8:00 a.m. on Tuesday, June 1. 

4:37 p.m. the meeting has adjourned

3:50 p.m. the Trustees have returned to Open Session

2:08 p.m. the Trustees have moved to executive session.

1:10 p.m. the Trusees have returned to Open Session

12:10 p.m. the Trustees have recessed for lunch and will return at 1:10 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, April 15, 2021, 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. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

Carlton W. Lenoir, Sr., has been named Executive Director of the Chicago Teachers' Pension Fund (CTPF or the Fund). His appointment will be effective on August 2, 2021. Lenoir was the Chief Benefits Officer at Illinois Teachers' Retirement System for the last five years. A national search was conducted by EFL Associates.

A results-oriented pension fund professional with over 32 years of executive and operational experience, Lenoir began his CTPF career as an Active Accounts Counselor and worked his way up to a management position. He went on to hold leadership roles with public pension plans in Georgia and Illinois. His experience includes all phases of public pension fund administration, including the implementation of three enterprise-wide pension administration systems over an 18-year period. 

A meeting of the Finance and Audit Committee will be held Tuesday, October 26, 2021, at 5:30 p.m.

Register in advance for this webinar

At a Special Meeting of the Chicago Teachers’ Pension Fund (CTPF or the Fund) Board of Trustees on Thursday, March 10, 2022, the Board passed a resolution withdrawing investments in Russia and supporting the Ukrainian people. Read the full 2022 Divestiture Resolution here. 

Life events like marriage, divorce, and birth of a child can affect who you want named as your CTPF beneficiary, so be sure to update your information as necessary. https://www.ctpf.org/designating-beneficiary 

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2021 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2020. Those payments had a $2.0 billion impact on the Illinois economy, supporting more than 13,274 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.  

12:30 p.m. the meeting has adjourned.

11:28 a.m. the Meeting has returned to open session.

9:56 a.m. the Trustees are in executive session.

CTPF will hold a Special Meeting of the Board of Trustees today at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

The meeting agenda is posted BoardDocs meeting management system in accordance with the Open Meetings Act. 

Zoom Meeting Details

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Meeting ID: 939 4236 5191

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Find your local number: https://ctpf.zoom.us/u/anvkwUqXI

On January 15, 2022, the US Government made additional over-the-counter testing opportunities available for individuals who want home tests for COVID-19.  

Two vehicles are being used for this roll out – some insurers are now required to cover the cost of test kits (up to 8 tests every 30 days, per person), and the government is also providing a website to facilitate the delivery of free test kits through US Mail. 

CTPF has had members inquire with concerns about the phasing out of the AARP Medicare Supplement Plan F, an individual Medigap plan administered by UnitedHealthcare and endorsed by AARP. At this time, the plan remains open to members who turned age 65 before January 1, 2020. The plan was limited due to the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), and the decision to limit enrollment was determined by Medicare.

The Board of Trustees adopted the Fund’s Strategic Plan in June 2022. The plan provides a roadmap for optimizing the use of CTPF’s resources to create a collaborative and effective workplace and lasting economic well-being for our members through fiscal year 2025. View the full Strategic Plan at ctpf.org/strategicplan.

If you're considering retirement in 2021, please plan on joining the Chicago Teachers' Pension Fund (CTPF) for a retirement webinar. Two more webinars will be offered on March 30, 2021, at 9:00 a.m. and 1:00 p.m. The webinars 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 webinars to answer individual questions.

A meeting of the Investment Committee will be held Thursday, April 22, 2021, 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/videoconferencing.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

2022 Medicare Open Enrollment - What Not to Do Webinar recording and presentation are now available to view.

Click here to view the webinar

Click here to view the presentation 

This fall, CTPF will hold an election for:

• Two Teacher Trustees to serve three-year terms from November 2022 – November 2025
• One Principal/Administrator Trustee to serve a three-year term from November 2022 – November 2025

Nominating packets are now available. 

February pay advices due to mail on January 30, 2023, were mailed on February 6, 2023, due to an issue with the outside vendor who manages the mailing.

Payments have not been delayed, only the notice of the direct deposit. Click here for the Pension Payment Schedule.

Pay advices are sent via first-class mail and it can take between 2-5 days for mail to reach its destination under normal circumstances. CTPF is aware that there have been multiple reports of delayed mail in the Chicago area.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

6:50 p.m. The Finance Committee has adjourned

6:37 p.m. The Trustees have gone into executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, May 25, 2021, at 4:30 p.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/videoconferencing.

CTPF mailed ballots via first-class mail to all eligible voters in the Pensioner Trustee election on Monday, October 18. Emails with voting credentials were also sent at that time to all pensioners with an email address on file.

The Fund has received reports from members who have not received their ballots due to delays with the US Mail.

Pensioners who have not yet received their ballot from YesElections should contact the Election Agent, YesElections at CTPFsupport@YesElections.com, or call (844) 413-2929 between 8:00 a.m. to 5:00 p.m. CT, Monday through Saturday, to confirm eligibility.

Medicare has launched a new initiative and will now cover up to eight over-the-counter COVID-19 tests each calendar month, at no cost to participants. 

CTPF has learned that CPS teachers are receiving emails from a Gabriel Christopher, purporting to represent National Life Group, and offering to provide a “Chicago Public Schools Pension/Retirement Review.” Mr. Christopher identifies himself as a “Chicago Retirement Advisor,” and his marketing materials may include a copy of CTPF’s 2022 Retirement Seminar. Please be advised that neither Mr. Christopher nor National Life Group is affiliated with or endorsed by CTPF, and that the materials appear to be a solicitation for insurance products.

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

Members who were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between 2008 and 2020 may receive a postcard or email notifying them of their eligibility to join a Class Action lawsuit. CTPF has been notified that this is legitimate outreach on behalf of BCBS. CTPF members who have questions or need additional information should use these options:

• Visit the settlement website, at www.BCBSsettlement.com
• Call the Class Action hotline 1-888-681-1142
• Email at info@BCBSsettlement.com

At the September 23, 2021, meeting the CTPF Board of Trustees took action and amended the Return to Work Rules to define “Days” as excluding an in‐service day that a retired teacher must attend in order to serve as a substitute teacher. The in‐service days do not involve classroom teaching and therefore do not constitute re employment as a “teacher, "as referenced in Section 17‐149 of the Pension Code.  

CHICAGO - January 27, 2022 - The Chicago Teachers' Pension Fund (CTPF) announced that it invested $6.2 billion or 48 percent of total fund assets, with Minority, Women and Disadvantaged-Owned Business Enterprise (MWDBE) firms in fiscal year 2021, ending June 30, 2021. This represents a 27.2 percent increase in MWDBE dollars over FY 2020 investments. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing MWDBE firms access to investment opportunities. 

The Health Insurance Premium Subsidy is set annually by the Board of Trustees.  At the August 17, 2022, Board of Trustees meeting, it was decided that the subsidy will remain at 60% in 2023. The subsidy is only available to eligible CTPF members. Dependent coverage is not eligible for the subsidy.

UnitedHealthcare is offering meetings for CTPF members enrolled in their group Medicare Advantage (PPO) plans. Members who attend these meetings can learn how to take advantage of the benefits offered by this plan.  

Two sessions with the same information will be offered:

• Thursday, April 29, 2021, 10:00 a.m. - 12:00 p.m.
• Friday, April 30, 2021, 10:00 a.m. - 12:00 p.m.

 Advance registration is not required.

5:40 p.m. the meeting has adjourned

1:10 p.m. the Trustees have recessed to executive session. 

A Special Meeting of the CTPF Board of Trustees will be held on Thursday, April 22, 2021, at 1:00 p.m., for the purpose of interviewing candidates for the Executive Director position. 

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/videoconferencing.

It was announced on September 23, 2021, at the regular meeting of the Chicago Teachers' Pension Fund (CTPF) Board of Trustees that interim Chief Investment Officer (CIO) Andrew K. Kelsen resigned from his position. His last day with CTPF is September 24, 2021.  

The CTPF office will be closed Friday, December 24, 2021, for the Christmas Holiday. Operations will resume at 8:00 a.m. on Monday, December 27, 2021.

The Chicago Teachers’ Pension Fund secured funding for Fiscal Year 2023 (July 1, 2022 – June 30, 2023), from the State of Illinois during the Spring Legislative session.  

House Bill 900 appropriated $295,302,000 for normal costs and health insurance and an additional required State contribution of $13,371,000 (.544% of payroll) for CTPF.  

During their February 16, 2023, meeting, the CTPF Board of Trustees voted to appoint Tammie F. Vinson to fill the vacant Teacher Trustee position created by the December 31, 2023, retirement of Trustee Tina Padilla. Trustee Vinson took the oath of office during the meeting and will serve until the next election scheduled for November 2023.  

Do you have questions or need retirement counseling? CTPF’s Member Services team offers phone, video, and in-person counseling appointments. Member Services at 312.641.4464 or send an email to memberservices@ctpf.org to schedule an appointment. Note: Walk-in appointments are not accepted. Visitors need to be added to the building's security list in advance of their visit.

Members visiting CTPF for an in-person appointment must present a valid, government-issue photo ID to the building’s security team. Proof of COVID-19 vaccination and a health screening form are required upon entry (form available here). 

Visit ctpf.org/office-information to prepare for your visit.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

A meeting of the Technology Committee will be held Wednesday, May 19, 2021, 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/videoconferencing.

The Chicago Teachers’ Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund’s benchmark and the 6.75% investment assumption.  

A meeting of the Investment Committee will be held Thursday, October 28, 2021, at 9:30 a.m.

Register in advance for this webinar.

Santa, also known as CTPF’s Executive Director Carlton W. Lenoir, Sr., and some of his helpers made a special stop on Friday afternoon to visit the students at Yates Elementary, distributing gifts for 300 students, along with hats and gloves and  presents for the 45 special needs students in their elementary program. The gifts were purchased through a fundraiser hosted by CTPF staff and the kids were thrilled with their special visit from Santa!

CTPF members considering retirement in 2023 are invited to join CTPF for a 2023 Retirement Webinar. Webinars will provide a one-stop shop for retirement information, including a general overview of the CTPF and CPS retirement processes. The final webinars of 2023 will be held April 4, 2023, at 9:00 a.m. and 1:00 p.m.

If you register by today, March 24, 2023, CTPF will provide you with a pension estimate, if applicable.

Register in advance at ctpf.org/calendar. 

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF has eliminated the use of social security numbers throughout most outbound correspondence.  

Members who want to register for myCTPF will need their Member ID. Active members can find their Member ID on their Annual Statement and Annuitants can find the Member ID on a pay advice.

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2020 Popular Annual Financial Report (PAFR) which includes a summary of key information from the 2020 Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2020.

7:12 p.m. the meeting has adjourned.

6:33 p.m. the Trustees have returned to Open Session.

3:45 p.m. the Trustee are now in Executive Session and are scheduled to return at 5:45 p.m.

12:02 p.m. the Trustees have adjourned for lunch and will return at 12:47 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, October 21, 2021, at 9:30 a.m.

Register in advance for this webinar here.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF will no longer offer Change of Address (107) and Direct Deposit (425) forms for download from www.ctpf.org. Members who need to change their address or change their direct deposit information should call Member Services, at 312.641.4464 to request these forms. Your identity will be confirmed before the forms are issued.  

Last week CPS began sending letters notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.”

CTPF has a policy to routinely audit charter schools to review employee records to ensure that the Fund receives all contributions due.  

6:30 p.m. The meeting has adjourned

4:50 p.m. The Trustees are now in Executive Session

A meeting of the Personnel Committee will be held Today, April 27, 2021, at 4:00 p.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/videoconferencing.

Members can download some of CTPF's most popular forms from the Member Forms and Information tab. 

The page includes downloadable information sheets and forms for various member-related matters, including applying for retirement, designating beneficiaries, disability benefits, and notice for returning to work.

Download your form, complete the required information, scan your document, and return to memberservices@ctpf.org. Click here to find ways to scanning without a scanner.

Pensioners who receive payments effective January 1, 2022, may see several benefit changes.  

January 2022 payments may include an Automatic Annual Increase (based on eligibility and Tier) and deductions for the new health insurance rates. Review your January 2022 pension pay advice carefully. Your pay advices can be accessed at any time on myCTPF.   

If you need assistance or explanation, please contact Member Services at 312.641.4464 or email memberservices@ctpf.org. 

During the spring legislative session, the Illinois General Assembly unanimously passed two measures designed to help address the shortage of Chicago Public School (CPS) substitute teachers/administrators, and another which allows the purchase of prior teaching service in private schools for a limited time.

 You may download minutes from past meetings by visiting ctpf.org/board-trustees-meeting-minutes.    

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between May 4, 2021, and July 1, 2021. 

6:55 p.m. The meeting has adjourned

6:40 p.m. The Trustees have returned to open session

5:00 p.m. The Trustees are in executive session

3:45 p.m. The Trustees meeting has resumed

3:00 p.m. The Trustees are at lunch and will return at 3:45 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, May 20, 2021, 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. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

AUGUST 18, 2021 - CHICAGO - The Chicago Teachers' Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund's benchmark and the 6.75% investment assumption.   

Due to US Postal Service mail delays, CTPF is extending the date to return ballots in the Pensioner Trustee Election. All ballots must now be postmarked by November 6, 2021, and received by the Election agent by 5:00 p.m. (CT) on November 12, 2021. 

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2022 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2021. Those payments had a $2.0 billion impact on the Illinois economy, supporting more than 13,583 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.  

Registration for CTPF's 2023 Retirement Webinars is open. If you register by February 10th for the February 20th webinars, or by March 24th for the April 4th webinars, CTPF will provide you with a pension estimate, if applicable. Webinars offer an overview of the retirement process and will be offered at 9:00 a.m. and 1:00 p.m. on February 20, 2023, and April 4, 2023. Webinars can help you jump start (or complete) your retirement application. Visit ctpf.org/calendar to register.  

CTPF posts important news and updates about the Fund daily on Facebook, Twitter and LinkedIn. Follow CTPF today at @chicagoteacherspension on Facebook, @ctpf_tweets on Twitter and Chicago Teachers’ Pension Fund on LinkedIn.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. The increases range from $1 to $23 per month and vary by individual situation. A majority of participants will have rate increases of $7 or less.

Given the current delays and concerns with U.S. Mail delivery, CTPF encourages submitting forms and documents by email.

Need to scan a document to email to CTPF but you don't have a scanner? Don't worry. A printer or smartphone scanning apps or smartphone camera can help you get the job done. 

During their February 17, 2022, meeting the CTPF Board of Trustees thanked Trustees James Cavallaro and Gervaise Clay for their service and presented them with Distinguished Service Awards.  

State certified teachers or administrators employed by a private school recognized by the Illinois State Board of Education, who have served as a contributing teacher for a CTPF employer for at least 10 years, may be eligible to purchase that private teaching service and have that credit added to total years of service. 

At their March 16, 2023, meeting, the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees took several actions including authorizing a change to the Fund’s asset allocation, approval of a private equity pacing study and new allocations, and removal of the restriction on investment in Sudan.  

Monday, March 22, 2021, from 1:00-5:00 p.m. CTPF will perform critical maintenance on equipment which will limit the call center’s availability. Members who need to contact CTPF during this period are encouraged to email memberservices@ctpf.org. Members who call 312-641-4464 will need to leave a message and a representative will return the calls within 24-48 hours.   

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

The week of June 18, 2021, the Chicago Public Schools (CPS) began notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.  

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.” 

CPS has been reporting service credit differently, based on the number of scheduled hours worked  instead of a day-for-day method. This reporting method has led to members earning more than one day of service for a day physically worked. In order for the district to align with reporting rules and the pension code, they are going make corrections in order to report the days of service credit based on the number of days worked rather than scheduled hours. 

The CTPF office is closed Monday, January 17, 2022, in observance of the Martin Luther King, Jr., Holiday. CTPF will reopen at 8:00 a.m. on Tuesday, January 18, 2022. 

Fernando Vinzons has been named Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF). His appointment is effective July 11, 2022. Vinzons previously served as Director of Investments for the Cook County Pension Fund. He will manage the operations of CTPF’s $13.1 billion investment portfolio. 

Members who received and paid for health insurance coverage from another source between January 1-December 31, 2022, recently received a mailing detailing the process of applying for a health insurance premium subsidy. Applicants must complete and return Form 355. The deadline to submit applications is August 31, 2023 (with NO exceptions). 

CTPF is partnering with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active members. The June workshop will be presented by CTPF and will cover general pension information including:

1. Know the Differences - Tier 1 vs. Tier 2 Benefits
2. Ways to maximize your benefit
3. Survivorship and Death Benefits

Time at the end for Q and A will be provided. 

Please click the link below to join the webinar:

https://ctpf.zoom.us/j/96673324451

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between now and July 1, 2021. 

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

Andrew K. Kelsen has been named Interim Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF), effective August 19, 2021. Kelsen has served CTPF since 2014 as a Portfolio Manager - Alternative Investments. Kelsen will manage the operations of CTPF's $13.1 billion investment portfolio. 

The CTPF office will be closed on Thusday, November 11, 2021, in observance of Veterans Day. Operations will resume at 8:00 a.m. on Friday. 

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2022, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. 

The increases range from $0.10 to $11.61 per month and vary by individual situation. A majority of participants will have rate increases of $4.18 or less. The new rate quoted by UHC does not include a CTPF member’s 60% health insurance premium subsidy or the cost of the Express Scripts Medicare Part D pharmacy benefit. 

The Chicago Teachers' Pension Fund (CTPF) announced that it invested $5.5 billion or 48 percent of total fund assets, with Minority, Women and Disability-Owned Business Enterprise (MWDBE) firms in our fiscal year ending June 30, 2022. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing MWDBE firms access to investment opportunities. 

The City of Chicago is providing in-home COVID-19 vaccination for Chicago residents who are unable to leave home due to age, disability, or medical impairment. This program is intended to provide access to COVID-19 vaccine in a safe, equitable, and effective method. This mobile, home-health community vaccination program will serve those who are unable to travel to a vaccination site, as well as their caregivers. Those interested in signing up for the program should complete this survey (https://redcap.link/MobileCOVIDVax).

Given the current delays and concerns with U.S. Mail delivery, CTPF encourages submitting forms and documents by email.

Need to scan a document to email to CTPF but you don't have a scanner? Don't worry. A printer or smartphone scanning apps or smartphone camera can help you get the job done. 

Legislation enacted August 27, 2021, changed the retirement plan requirements for educational staff employed by a Chicago contract school in a position requiring certification or licensure. Individuals employed in contract schools on or after August 27, 2021, will be automatically enrolled in the Chicago Teachers’ Pension Fund.   

Learn more at ctpf.org/Opt-In.

The unprecedented events that have taken place in eastern Europe, with the invasion of Ukraine, by Russia have sparked global outrage and international response. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) prohibited certain investments due to a round of international sanctions. The sanctions and moral imperative are impacting pension funds across the country, as they evaluate and consider reinvesting assets which may be currently invested in Russia.  

At their October meeting, the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees voted to immediately commit to engagement with fossil fuel companies to encourage them toward a path of clean renewable energy sources and to divest from fossil fuel holdings and/or to invest in viable clean energy sources to fully offset the Fund’s fossil fuel investments by December 2027.

Click here and sign up to receive our emails and get updates delivered directly to your inbox. 

6:45 p.m. The meeting has adjourned

6:06 p.m. the Trustees have recessed to executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, April 20, 2021, at 4:00 p.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/videoconferencing.

The CTPF office will be closed on Monday, May 31, 2021, in observance of Memorial Day. Operations will resume at 8:00 a.m. on Tuesday, June 1. 

4:37 p.m. the meeting has adjourned

3:50 p.m. the Trustees have returned to Open Session

2:08 p.m. the Trustees have moved to executive session.

1:10 p.m. the Trusees have returned to Open Session

12:10 p.m. the Trustees have recessed for lunch and will return at 1:10 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, April 15, 2021, 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. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

Carlton W. Lenoir, Sr., has been named Executive Director of the Chicago Teachers' Pension Fund (CTPF or the Fund). His appointment will be effective on August 2, 2021. Lenoir was the Chief Benefits Officer at Illinois Teachers' Retirement System for the last five years. A national search was conducted by EFL Associates.

A results-oriented pension fund professional with over 32 years of executive and operational experience, Lenoir began his CTPF career as an Active Accounts Counselor and worked his way up to a management position. He went on to hold leadership roles with public pension plans in Georgia and Illinois. His experience includes all phases of public pension fund administration, including the implementation of three enterprise-wide pension administration systems over an 18-year period. 

A meeting of the Finance and Audit Committee will be held Tuesday, October 26, 2021, at 5:30 p.m.

Register in advance for this webinar

At a Special Meeting of the Chicago Teachers’ Pension Fund (CTPF or the Fund) Board of Trustees on Thursday, March 10, 2022, the Board passed a resolution withdrawing investments in Russia and supporting the Ukrainian people. Read the full 2022 Divestiture Resolution here. 

Life events like marriage, divorce, and birth of a child can affect who you want named as your CTPF beneficiary, so be sure to update your information as necessary. https://www.ctpf.org/designating-beneficiary 

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2021 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2020. Those payments had a $2.0 billion impact on the Illinois economy, supporting more than 13,274 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.  

12:30 p.m. the meeting has adjourned.

11:28 a.m. the Meeting has returned to open session.

9:56 a.m. the Trustees are in executive session.

CTPF will hold a Special Meeting of the Board of Trustees today at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

The meeting agenda is posted BoardDocs meeting management system in accordance with the Open Meetings Act. 

Zoom Meeting Details

https://ctpf.zoom.us/j/93942365191

Meeting ID: 939 4236 5191

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Find your local number: https://ctpf.zoom.us/u/anvkwUqXI

On January 15, 2022, the US Government made additional over-the-counter testing opportunities available for individuals who want home tests for COVID-19.  

Two vehicles are being used for this roll out – some insurers are now required to cover the cost of test kits (up to 8 tests every 30 days, per person), and the government is also providing a website to facilitate the delivery of free test kits through US Mail. 

CTPF has had members inquire with concerns about the phasing out of the AARP Medicare Supplement Plan F, an individual Medigap plan administered by UnitedHealthcare and endorsed by AARP. At this time, the plan remains open to members who turned age 65 before January 1, 2020. The plan was limited due to the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), and the decision to limit enrollment was determined by Medicare.

The Board of Trustees adopted the Fund’s Strategic Plan in June 2022. The plan provides a roadmap for optimizing the use of CTPF’s resources to create a collaborative and effective workplace and lasting economic well-being for our members through fiscal year 2025. View the full Strategic Plan at ctpf.org/strategicplan.

If you're considering retirement in 2021, please plan on joining the Chicago Teachers' Pension Fund (CTPF) for a retirement webinar. Two more webinars will be offered on March 30, 2021, at 9:00 a.m. and 1:00 p.m. The webinars 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 webinars to answer individual questions.

A meeting of the Investment Committee will be held Thursday, April 22, 2021, 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/videoconferencing.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

2022 Medicare Open Enrollment - What Not to Do Webinar recording and presentation are now available to view.

Click here to view the webinar

Click here to view the presentation 

This fall, CTPF will hold an election for:

• Two Teacher Trustees to serve three-year terms from November 2022 – November 2025
• One Principal/Administrator Trustee to serve a three-year term from November 2022 – November 2025

Nominating packets are now available. 

February pay advices due to mail on January 30, 2023, were mailed on February 6, 2023, due to an issue with the outside vendor who manages the mailing.

Payments have not been delayed, only the notice of the direct deposit. Click here for the Pension Payment Schedule.

Pay advices are sent via first-class mail and it can take between 2-5 days for mail to reach its destination under normal circumstances. CTPF is aware that there have been multiple reports of delayed mail in the Chicago area.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

6:50 p.m. The Finance Committee has adjourned

6:37 p.m. The Trustees have gone into executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, May 25, 2021, at 4:30 p.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/videoconferencing.

CTPF mailed ballots via first-class mail to all eligible voters in the Pensioner Trustee election on Monday, October 18. Emails with voting credentials were also sent at that time to all pensioners with an email address on file.

The Fund has received reports from members who have not received their ballots due to delays with the US Mail.

Pensioners who have not yet received their ballot from YesElections should contact the Election Agent, YesElections at CTPFsupport@YesElections.com, or call (844) 413-2929 between 8:00 a.m. to 5:00 p.m. CT, Monday through Saturday, to confirm eligibility.

Medicare has launched a new initiative and will now cover up to eight over-the-counter COVID-19 tests each calendar month, at no cost to participants. 

CTPF has learned that CPS teachers are receiving emails from a Gabriel Christopher, purporting to represent National Life Group, and offering to provide a “Chicago Public Schools Pension/Retirement Review.” Mr. Christopher identifies himself as a “Chicago Retirement Advisor,” and his marketing materials may include a copy of CTPF’s 2022 Retirement Seminar. Please be advised that neither Mr. Christopher nor National Life Group is affiliated with or endorsed by CTPF, and that the materials appear to be a solicitation for insurance products.

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

Members who were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between 2008 and 2020 may receive a postcard or email notifying them of their eligibility to join a Class Action lawsuit. CTPF has been notified that this is legitimate outreach on behalf of BCBS. CTPF members who have questions or need additional information should use these options:

• Visit the settlement website, at www.BCBSsettlement.com
• Call the Class Action hotline 1-888-681-1142
• Email at info@BCBSsettlement.com

At the September 23, 2021, meeting the CTPF Board of Trustees took action and amended the Return to Work Rules to define “Days” as excluding an in‐service day that a retired teacher must attend in order to serve as a substitute teacher. The in‐service days do not involve classroom teaching and therefore do not constitute re employment as a “teacher, "as referenced in Section 17‐149 of the Pension Code.  

CHICAGO - January 27, 2022 - The Chicago Teachers' Pension Fund (CTPF) announced that it invested $6.2 billion or 48 percent of total fund assets, with Minority, Women and Disadvantaged-Owned Business Enterprise (MWDBE) firms in fiscal year 2021, ending June 30, 2021. This represents a 27.2 percent increase in MWDBE dollars over FY 2020 investments. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing MWDBE firms access to investment opportunities. 

The Health Insurance Premium Subsidy is set annually by the Board of Trustees.  At the August 17, 2022, Board of Trustees meeting, it was decided that the subsidy will remain at 60% in 2023. The subsidy is only available to eligible CTPF members. Dependent coverage is not eligible for the subsidy.

UnitedHealthcare is offering meetings for CTPF members enrolled in their group Medicare Advantage (PPO) plans. Members who attend these meetings can learn how to take advantage of the benefits offered by this plan.  

Two sessions with the same information will be offered:

• Thursday, April 29, 2021, 10:00 a.m. - 12:00 p.m.
• Friday, April 30, 2021, 10:00 a.m. - 12:00 p.m.

 Advance registration is not required.

5:40 p.m. the meeting has adjourned

1:10 p.m. the Trustees have recessed to executive session. 

A Special Meeting of the CTPF Board of Trustees will be held on Thursday, April 22, 2021, at 1:00 p.m., for the purpose of interviewing candidates for the Executive Director position. 

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/videoconferencing.

It was announced on September 23, 2021, at the regular meeting of the Chicago Teachers' Pension Fund (CTPF) Board of Trustees that interim Chief Investment Officer (CIO) Andrew K. Kelsen resigned from his position. His last day with CTPF is September 24, 2021.  

The CTPF office will be closed Friday, December 24, 2021, for the Christmas Holiday. Operations will resume at 8:00 a.m. on Monday, December 27, 2021.

The Chicago Teachers’ Pension Fund secured funding for Fiscal Year 2023 (July 1, 2022 – June 30, 2023), from the State of Illinois during the Spring Legislative session.  

House Bill 900 appropriated $295,302,000 for normal costs and health insurance and an additional required State contribution of $13,371,000 (.544% of payroll) for CTPF.  

During their February 16, 2023, meeting, the CTPF Board of Trustees voted to appoint Tammie F. Vinson to fill the vacant Teacher Trustee position created by the December 31, 2023, retirement of Trustee Tina Padilla. Trustee Vinson took the oath of office during the meeting and will serve until the next election scheduled for November 2023.  

Do you have questions or need retirement counseling? CTPF’s Member Services team offers phone, video, and in-person counseling appointments. Member Services at 312.641.4464 or send an email to memberservices@ctpf.org to schedule an appointment. Note: Walk-in appointments are not accepted. Visitors need to be added to the building's security list in advance of their visit.

Members visiting CTPF for an in-person appointment must present a valid, government-issue photo ID to the building’s security team. Proof of COVID-19 vaccination and a health screening form are required upon entry (form available here). 

Visit ctpf.org/office-information to prepare for your visit.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

A meeting of the Technology Committee will be held Wednesday, May 19, 2021, 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/videoconferencing.

The Chicago Teachers’ Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund’s benchmark and the 6.75% investment assumption.  

A meeting of the Investment Committee will be held Thursday, October 28, 2021, at 9:30 a.m.

Register in advance for this webinar.

Santa, also known as CTPF’s Executive Director Carlton W. Lenoir, Sr., and some of his helpers made a special stop on Friday afternoon to visit the students at Yates Elementary, distributing gifts for 300 students, along with hats and gloves and  presents for the 45 special needs students in their elementary program. The gifts were purchased through a fundraiser hosted by CTPF staff and the kids were thrilled with their special visit from Santa!

CTPF members considering retirement in 2023 are invited to join CTPF for a 2023 Retirement Webinar. Webinars will provide a one-stop shop for retirement information, including a general overview of the CTPF and CPS retirement processes. The final webinars of 2023 will be held April 4, 2023, at 9:00 a.m. and 1:00 p.m.

If you register by today, March 24, 2023, CTPF will provide you with a pension estimate, if applicable.

Register in advance at ctpf.org/calendar. 

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF has eliminated the use of social security numbers throughout most outbound correspondence.  

Members who want to register for myCTPF will need their Member ID. Active members can find their Member ID on their Annual Statement and Annuitants can find the Member ID on a pay advice.

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2020 Popular Annual Financial Report (PAFR) which includes a summary of key information from the 2020 Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2020.

7:12 p.m. the meeting has adjourned.

6:33 p.m. the Trustees have returned to Open Session.

3:45 p.m. the Trustee are now in Executive Session and are scheduled to return at 5:45 p.m.

12:02 p.m. the Trustees have adjourned for lunch and will return at 12:47 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, October 21, 2021, at 9:30 a.m.

Register in advance for this webinar here.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF will no longer offer Change of Address (107) and Direct Deposit (425) forms for download from www.ctpf.org. Members who need to change their address or change their direct deposit information should call Member Services, at 312.641.4464 to request these forms. Your identity will be confirmed before the forms are issued.  

Last week CPS began sending letters notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.”

CTPF has a policy to routinely audit charter schools to review employee records to ensure that the Fund receives all contributions due.  

6:30 p.m. The meeting has adjourned

4:50 p.m. The Trustees are now in Executive Session

A meeting of the Personnel Committee will be held Today, April 27, 2021, at 4:00 p.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/videoconferencing.

Members can download some of CTPF's most popular forms from the Member Forms and Information tab. 

The page includes downloadable information sheets and forms for various member-related matters, including applying for retirement, designating beneficiaries, disability benefits, and notice for returning to work.

Download your form, complete the required information, scan your document, and return to memberservices@ctpf.org. Click here to find ways to scanning without a scanner.

Pensioners who receive payments effective January 1, 2022, may see several benefit changes.  

January 2022 payments may include an Automatic Annual Increase (based on eligibility and Tier) and deductions for the new health insurance rates. Review your January 2022 pension pay advice carefully. Your pay advices can be accessed at any time on myCTPF.   

If you need assistance or explanation, please contact Member Services at 312.641.4464 or email memberservices@ctpf.org. 

During the spring legislative session, the Illinois General Assembly unanimously passed two measures designed to help address the shortage of Chicago Public School (CPS) substitute teachers/administrators, and another which allows the purchase of prior teaching service in private schools for a limited time.

 You may download minutes from past meetings by visiting ctpf.org/board-trustees-meeting-minutes.    

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between May 4, 2021, and July 1, 2021. 

6:55 p.m. The meeting has adjourned

6:40 p.m. The Trustees have returned to open session

5:00 p.m. The Trustees are in executive session

3:45 p.m. The Trustees meeting has resumed

3:00 p.m. The Trustees are at lunch and will return at 3:45 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, May 20, 2021, 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. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

AUGUST 18, 2021 - CHICAGO - The Chicago Teachers' Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund's benchmark and the 6.75% investment assumption.   

Due to US Postal Service mail delays, CTPF is extending the date to return ballots in the Pensioner Trustee Election. All ballots must now be postmarked by November 6, 2021, and received by the Election agent by 5:00 p.m. (CT) on November 12, 2021. 

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2022 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2021. Those payments had a $2.0 billion impact on the Illinois economy, supporting more than 13,583 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.  

Registration for CTPF's 2023 Retirement Webinars is open. If you register by February 10th for the February 20th webinars, or by March 24th for the April 4th webinars, CTPF will provide you with a pension estimate, if applicable. Webinars offer an overview of the retirement process and will be offered at 9:00 a.m. and 1:00 p.m. on February 20, 2023, and April 4, 2023. Webinars can help you jump start (or complete) your retirement application. Visit ctpf.org/calendar to register.  

CTPF posts important news and updates about the Fund daily on Facebook, Twitter and LinkedIn. Follow CTPF today at @chicagoteacherspension on Facebook, @ctpf_tweets on Twitter and Chicago Teachers’ Pension Fund on LinkedIn.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. The increases range from $1 to $23 per month and vary by individual situation. A majority of participants will have rate increases of $7 or less.

Given the current delays and concerns with U.S. Mail delivery, CTPF encourages submitting forms and documents by email.

Need to scan a document to email to CTPF but you don't have a scanner? Don't worry. A printer or smartphone scanning apps or smartphone camera can help you get the job done. 

During their February 17, 2022, meeting the CTPF Board of Trustees thanked Trustees James Cavallaro and Gervaise Clay for their service and presented them with Distinguished Service Awards.  

State certified teachers or administrators employed by a private school recognized by the Illinois State Board of Education, who have served as a contributing teacher for a CTPF employer for at least 10 years, may be eligible to purchase that private teaching service and have that credit added to total years of service. 

At their March 16, 2023, meeting, the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees took several actions including authorizing a change to the Fund’s asset allocation, approval of a private equity pacing study and new allocations, and removal of the restriction on investment in Sudan.  

Monday, March 22, 2021, from 1:00-5:00 p.m. CTPF will perform critical maintenance on equipment which will limit the call center’s availability. Members who need to contact CTPF during this period are encouraged to email memberservices@ctpf.org. Members who call 312-641-4464 will need to leave a message and a representative will return the calls within 24-48 hours.   

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

The week of June 18, 2021, the Chicago Public Schools (CPS) began notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.  

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.” 

CPS has been reporting service credit differently, based on the number of scheduled hours worked  instead of a day-for-day method. This reporting method has led to members earning more than one day of service for a day physically worked. In order for the district to align with reporting rules and the pension code, they are going make corrections in order to report the days of service credit based on the number of days worked rather than scheduled hours. 

The CTPF office is closed Monday, January 17, 2022, in observance of the Martin Luther King, Jr., Holiday. CTPF will reopen at 8:00 a.m. on Tuesday, January 18, 2022. 

Fernando Vinzons has been named Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF). His appointment is effective July 11, 2022. Vinzons previously served as Director of Investments for the Cook County Pension Fund. He will manage the operations of CTPF’s $13.1 billion investment portfolio. 

Members who received and paid for health insurance coverage from another source between January 1-December 31, 2022, recently received a mailing detailing the process of applying for a health insurance premium subsidy. Applicants must complete and return Form 355. The deadline to submit applications is August 31, 2023 (with NO exceptions). 

CTPF is partnering with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active members. The June workshop will be presented by CTPF and will cover general pension information including:

1. Know the Differences - Tier 1 vs. Tier 2 Benefits
2. Ways to maximize your benefit
3. Survivorship and Death Benefits

Time at the end for Q and A will be provided. 

Please click the link below to join the webinar:

https://ctpf.zoom.us/j/96673324451

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between now and July 1, 2021. 

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

Andrew K. Kelsen has been named Interim Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF), effective August 19, 2021. Kelsen has served CTPF since 2014 as a Portfolio Manager - Alternative Investments. Kelsen will manage the operations of CTPF's $13.1 billion investment portfolio. 

The CTPF office will be closed on Thusday, November 11, 2021, in observance of Veterans Day. Operations will resume at 8:00 a.m. on Friday. 

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2022, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. 

The increases range from $0.10 to $11.61 per month and vary by individual situation. A majority of participants will have rate increases of $4.18 or less. The new rate quoted by UHC does not include a CTPF member’s 60% health insurance premium subsidy or the cost of the Express Scripts Medicare Part D pharmacy benefit. 

The Chicago Teachers' Pension Fund (CTPF) announced that it invested $5.5 billion or 48 percent of total fund assets, with Minority, Women and Disability-Owned Business Enterprise (MWDBE) firms in our fiscal year ending June 30, 2022. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing MWDBE firms access to investment opportunities. 

The City of Chicago is providing in-home COVID-19 vaccination for Chicago residents who are unable to leave home due to age, disability, or medical impairment. This program is intended to provide access to COVID-19 vaccine in a safe, equitable, and effective method. This mobile, home-health community vaccination program will serve those who are unable to travel to a vaccination site, as well as their caregivers. Those interested in signing up for the program should complete this survey (https://redcap.link/MobileCOVIDVax).

Given the current delays and concerns with U.S. Mail delivery, CTPF encourages submitting forms and documents by email.

Need to scan a document to email to CTPF but you don't have a scanner? Don't worry. A printer or smartphone scanning apps or smartphone camera can help you get the job done. 

Legislation enacted August 27, 2021, changed the retirement plan requirements for educational staff employed by a Chicago contract school in a position requiring certification or licensure. Individuals employed in contract schools on or after August 27, 2021, will be automatically enrolled in the Chicago Teachers’ Pension Fund.   

Learn more at ctpf.org/Opt-In.

The unprecedented events that have taken place in eastern Europe, with the invasion of Ukraine, by Russia have sparked global outrage and international response. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) prohibited certain investments due to a round of international sanctions. The sanctions and moral imperative are impacting pension funds across the country, as they evaluate and consider reinvesting assets which may be currently invested in Russia.  

At their October meeting, the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees voted to immediately commit to engagement with fossil fuel companies to encourage them toward a path of clean renewable energy sources and to divest from fossil fuel holdings and/or to invest in viable clean energy sources to fully offset the Fund’s fossil fuel investments by December 2027.

Click here and sign up to receive our emails and get updates delivered directly to your inbox. 

12:47 p.m. The meeting has adjourned.

10:13 a.m. Trustees have recessed to executive session.

CTPF will hold a special meeting of the Board of Trustees on Tuesday, March 23, 2021, at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

A meeting of the Claims and Service Credit Committee will be held today, April 29, 2021, at 4:30 p.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/videoconferencing.

7:59 p.m. the meeting adjourned. 

7:55 p.m. the meeting returned to open session

6:28 p.m. the Trustees are in executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, June 22, 2021, at 4:30 p.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/videoconferencing.

The meeting agenda has been posted in the BoardDocs meeting management system in accordance with the Open Meetings Act.

Join Zoom Meeting

https://ctpf.zoom.us/j/93170969722

Every year, members in the AARP® Medicare Supplement Plan F (UnitedHealthcare) with Express Scripts Medicare® receive letters that can cause some unintended confusion. UnitedHealthcare is required to send these notifications to ensure members are aware when their AARP Medicare Supplement plan premium will be adjusted. The communication of the rate change is mandated by each states’ Department of Insurance.

The 2021 1099R for pensioners will be mailed today, January 31, 2022, to the address on file at the CTPF on December 14, 2021. The forms will also be posted in the myCTPF Member Self Service Portal on February 1, 2022. If you need a replacement form, you are encouraged to create an account at myCTPF so that you can download it directly. Reprints for 1099Rs will not start until February 15, 2022. 

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2021 Annual Comprehensive Financial Report (ACFR) which includes the Fund’s audited financial statements, management’s analysis, statistics, and other financial information. The ACFR 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, 2021.

Thinking about your future retirement? Your pension is an important part of your future retirement security. CTPF members enjoy a guaranteed pension for life. The calculator can help you estimate your monthly CTPF pension income at retirement. ctpf.org/calculator