The U.S. Department of Health and Human Services (HHS), through its Centers for Medicare & Medicaid Services (CMS), finalized new rules related to Medicare programs, which include new restrictions on the marketing of Medicare plans. You can view the Federal Registrar notice announcing the new regulations here. Here are some key changes to the rules relating to marketing of Medicare Advantage and Part D programs.

The Chicago Board of Education has appointed Dr. Miquel A. Lewis to the CTPF Board of Trustees. Dr. Lewis was sworn in during the Trustees meeting on April 20, 2023. His term runs through October 31, 2023.

“We are pleased to welcome Trustee Lewis to the Board of Trustees,” said Carlton W. Lenoir, Sr., Executive Director. “We appreciate his passion for education and enriching the lives of students and look forward to working with him in the months ahead.”  

The Chicago Teachers’ Pension Fund (CTPF) is proud to be Certified™ by Great Place to Work. Great Place to Work (GPTW) is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. 

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.  

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.

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. 

At the December 15 Board of Trustees meeting, CTPF recognized two Trustees for their service and launched its milestone program for Trustees and Employees.

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 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.

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.

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.

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.

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.  

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.  

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.