The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2025 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, 2025.  

Fiscal Year 2025 Highlights  

Highlights from the 2025 report include:  

• Investment returns were positive in fiscal year 2025. The investment rate of return for fiscal year 2025 on a time-weighted basis was 12.1% following fiscal year 2024’s return of 9.8%. Five and ten-year annualized returns were 9.7% and 8.1%, respectively. The returns are all greater than the actuarial assumption of 6.50%.
• Total plan assets increased during the fiscal year to $13.7 billion at June 30, 2025, from $12.7 billion at June 30, 2024. 
• CTPF paid $1.7 billion in service retirement, disability, refunds, and survivor benefits, and an additional $76.2 million for health care benefits. 
• Total additions to plan assets were $2.7 billion for fiscal year 2025, including total contributions of $1.3 billion and net investment income of $1.4 billion.
• The funded ratio for pension benefits, based on the actuarial value of assets, decreased to 47.9% as of June 30, 2025, from 48.1% at the end of the previous fiscal year.  

The complete report is available here.