Board of Trustees Committees

Post

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has established several committees to review and research various topics. These committees meet periodically as needed, and generally make recommendations for approval during regular Board meetings.

Investment Committee

Committee Chairperson: Tina Padilla

The Investment Committee is a standing committee and includes all of the CTPF trustees. The committee meets each month and is primarily responsible for decisions regarding the Board’s duty to invest the assets of CTPF. The committee:

  • Periodically reviews and changes investment policy and asset allocation
  • Evaluates investment portfolio and investment manager performance
  • Evaluates and selects investment managers, a master trustee, investment consultants, and policy level benchmarks
  • Approves the assignment of investment-related contracts
  • Terminates investment service providers
  • Performs other duties that may be assigned by the Board of Trustees

Finance and Audit Committee

Committee Chairperson: Gregory Redfeairn

The Finance and Audit Committee is a standing committee and includes all of the CTPF trustees. The audit committee meets as needed and provides oversight of management’s administration of the Fund’s annual budget, financial operations, and personnel policy. The committee also:

  • Receives the periodic reports of the internal auditor
  • Receives the annual report of independent auditor
  • Provides direction on various audit policy matters
  • Performs other duties that may be assigned by the Board of Trustees

Pension Laws and Administrative Rules Committee

Committee Chairperson: Robert F. “Bob” Bures

The Pension Laws and Administrative Rules Committee is a standing committee and includes all of the CTPF trustees. The legislative committee meets as needed to establish CTPF’s legislative agenda. The committee also:

  • Recommends endorsement or opposition to proposed legislation
  • Recommends statutory amendments to the Pension Code as needed
  • Reviews compliance and recommends amendments to Board by-law and rules, and State laws applicable to the Fund
  • Performs other duties that may be assigned by the Board of Trustees

Claims and Service Credits Committee

Committee Chairperson: Maria J. Rodriguez

The Claims and Service Credits Committee is a standing committee and includes all of the CTPF trustees. The committee meets as needed and recommends action by the Board on applications for pensions including disability and refunds. The committee also:

  • Acts as a fact finder and administrative judge when a member appeals the denial of a benefit
  • Reports its findings to the full Board and recommends whether a denial should be upheld or reversed

Other Committees

The Board may establish other special or ad hoc committees as needed, with duties established by the full Board. Current other committees include Communications, Disability, Health Insurance, Personnel, Policy, Return to Work, and Technology.