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. We also reference the policies and practices of organizations similar to CTPF.
We have procedures in place to ensure the regular payment of member benefits, even if normal business is interrupted. Also, be reminded that CTPF pensions are secure and are not based on market conditions.
CTPF Office Closed
CTPF operations continue with staff working remotely, but the CTPF office has closed through March 29. Effective immediately we are implementing the following changes for the health and safety of all:
- In-person appointments are not available.
- Members should contact us via phone at 312.641.4464 or email firstname.lastname@example.org for assistance.
- All calls will be forwarded to voice mail. Leave a message clearly stating your name, phone number, and the nature of your business and your call will be returned as soon as possible.
- Group meetings have been rescheduled as webinars.
Board of Trustees Meetings Cancelled
The following meetings and hearings are canceled effective immediately:
- Monday, March 16, 2020, Special Meeting of Board of Trustees
- Thursday, March 19, 2020, Board of Trustees Meeting
- Tuesday, March 24, 2020, Return to Work Committee Meeting/Administrative Hearing
A decision about the April 16, 2020, Special Board meeting will be made at the end of the month. Check for updates at www.ctpf.org.
Retirement Seminars Changed to Webinars
Seminars for members planning to retire in June have been changed to webinars. Two sessions will be offered, and webinar registration is required.
April 7, 2020
Individual Counseling Appointments
Individual retirement counseling is available by phone for
members who are retiring this June.
Call 312-641-4464 to schedule an appointment. You can also email individual questions to email@example.com.
If you are submitting your retirement application, change of address, or other forms, the best way to send documents is by Fax 312.641.7185 or email a .pdf to firstname.lastname@example.org. Electronic submission is the best way to ensure delivery during this time as U.S. Mail processing will be delayed.
Market Volatility Update
COVID-19 poses health risks but is also an economic threat. Stocks have declined and there will likely be continued uncertainty moving forward. With the current volatility in the financial markets, members may be concerned about the security of their pension. CTPF pensions are secure. When members vest, they qualify for a lifetime pension, guaranteed by the Illinois Constitution. Pensions are determined by a formula and do not change with market conditions. Click here to read a statement on Volatility.