Members with gross income exceeding certain amounts set by Medicare must pay a monthly Income Related Monthly Adjustment amount (IRMAA) for Medicare Part B and Part D coverage premiums. If you are impacted by IRMAA, you must pay your Medicare Part D *IRMAA payments directly to Medicare.  

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 Monthly Pension Calculator can help you estimate your monthly CTPF pension income at retirement.

CTPF members enrolled in a UnitedHealthcare Medicare Advantage Plan should be aware of recent changes affecting access to UChicago Medicine (UCM). UCM has notified patients that, starting January 1, 2026, UCM is only contracted with certain Medicare Advantage plans and is no longer able to accept all Medicare Advantage patients for elective care. UCM has “grandfathered” certain existing CTPF patients. This grandfathered status was based on seeing a UCM physician office for non-emergency care from July 2023 – December 31, 2024. The grandfathered status allows those members to schedule appointments with physicians within the UCM system through the 2026 calendar year.

CTPF has learned that CPS teachers are receiving emails from private companies or individuals offering an Open Enrollment Complimentary Annual Pension Review. These communications appear to be solicitations for financial services and may create the false impression of a CTPF connection. CTPF does not sanction these vendors or their activities. 

CTPF does not send solicitations to members. If you would like to schedule an appointment with a CTPF Member Services Counselor, call 312-641-4464 or email memberservices@ctpf.org. 

If you receive an email and are unsure if it is from CTPF, do not forward it. Call Member Services at 312-641-4464 to verify the communication. 

During their November 20, 2025, meeting, the CTPF Board of Trustees honored Financial Secretary Mary Sharon Reilly with a posthumous Distinguished Service Award, recognizing her extraordinary contributions and enduring legacy. The award was accepted by her brother, John Reilly, on her behalf.

During the November 20, 2025, Board of Trustees Meeting, elected trustees were sworn in and took their oath of office. Elected Teacher Trustees Erika Meza and Jacquelyn Price Ward will serve three-year terms through November 2028. Elected Pensioner Trustees Lois Nelson, Maria J. Rodriguez, and Jack Silver will serve two-year terms through November 2027. Elected Principal/Administrator Trustee Pedro Beiza will serve a three-year term through November 2028.  

View vote totals and certified election results at ctpf.org/election-central.  

At the meeting, the Board of Trustees elected officers and chairs of standing committees for 2025-2026. 

On Tuesday, November 18, 2025, CTPF will operate remotely due to scheduled building maintenance, including a temporary power shutdown for important upgrades. The office will not be open to visitors, and all member support will be handled remotely. Regular operations are expected to resume on Wednesday, November 19, 2025. 

All Board of Trustees meeting materials can now be accessed via Diligent Community Meeting Management system, which offers enhanced user experience. All meeting materials that were previously available on BoardDocs have been transitioned to the new system.  

The 2025 Board of Trustees Election ended Friday, November 7, 2025, at 5:00 p.m. (CT). The certified Election results are posted below.

It is with deep respect and sadness that we share the news of the passing of Margaret “Peg” A. Olson, former Trustee of the Chicago Teachers' Pension Fund (CTPF), who passed peacefully on October 15, 2025, at the age of 86. 

Trustee Olson’s legacy at CTPF includes nearly two decades of dedicated service as a Teacher Trustee. She began her tenure in November 1973 serving until August 1991, holding key leadership roles including Chairman of the Committee on Claims & Service Credits (1975–1977, 1989–1991) and Recording Secretary (1977–1989). In October 1991, Trustee Olson was formally recognized by the Board of Trustees for her outstanding service and invaluable contributions, honored with a plaque in commemorating her commitment to CTPF.  

On October 15, 2025, the Illinois Senate Pensions Committee held a subject matter hearing on SB 1893, sponsored by Senator Robert F. Martwick (D). This critical bill increases the retiree health insurance premium subsidy, protecting the health and financial security of Chicago’s retired teachers.    

CTPF needs your support to help Secure our Subsidy!   

On Wednesday, October 15, 2025, at 9:30 a.m., the Illinois Senate Pensions Committee will hold a subject matter hearing on SB 1893, sponsored by Senator Robert F. Martwick (D). This critical bill will help protect the health and financial security of Chicago’s retired teachers by increasing the spending cap for CTPF retiree health insurance.   

A meeting of the Election Committee will be held Thursday, October 2, 2025, at 4:30 p.m. in the CTPF office.

Please note, ending times for all meetings are approximate. The agenda includes additional information about the meeting schedule.

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

The 2026 Open Enrollment Period will run from October 1-31, 2025. During this time, annuitants can enroll, add or drop a dependent, or change a health insurance plan. Changes become effective January 1, 2026. 

Starting October 1, 2025, Medicare will be implementing changes to its telehealth policy, which will affect how and where members can access telehealth services. The changes are summarized below. Each plan has different access and coverage, so it’s important to check with your plan to determine coverage before accessing telehealth services.  

UHC Medicare Advantage PPO, Humana Group Medicare HMO, and Cigna Surround Group Supplement Plans will continue to offer the same telehealth options that they currently provide. CTPF recommends confirming your benefit eligibility directly with your carrier. The AARP Medicare Supplement Plan F is a Medicare supplement plan which covers what Medicare covers (CTPF does not control what is covered under this plan). Telehealth will be available through September 30, 2025. Starting October 1, 2025, a member must be in an office or medical facility located in a rural area (in the U.S.) for most telehealth services. Check with your carrier or visit www.medicare.uhc.com for plan information.