The Chicago Board of Education has appointed Tanya Woods to the Chicago Teachers’ Pension Fund (CTPF) Board of Trustees. Trustee Woods was sworn in during the Board of Trustees meeting on August 17, 2023. Woods’ term will run through October 31, 2023, and includes a reappointment on November 1, 2023, for a term ending in January 2025. 

The Chicago Teachers' Pension Fund (CTPF) is proud to announce that its Executive Director, Carlton W. Lenoir, Sr., has been honored as one of Crain's Chicago Business' 2023 Notable Leaders in Finance. This recognition highlights Lenoir's exceptional leadership, dedication, and contributions to the financial sector in Chicago. 

This summer, The Chicago Teachers’ Pension Fund (CTPF) partnered with the Chicago Summer Business Institute (CSBI) to welcome three interns to its team.  

“As we welcomed Danisa, Isabella, and Amir to CTPF, I was filled with optimism for the future. This was not just an opportunity for them to learn and grow, but also a chance for us to learn from them," said CTPF Executive Director, Carlton Lenoir, Sr. “We appreciate the work and contributions that our interns had this summer and look forward to continuing our partnership with CSBI.” 

Members who received and paid for health insurance coverage from another source between January 1-December 31, 2022, recently received a mailing detailing the process of applying for a health insurance premium subsidy. Applicants must complete and return Form 355. The deadline to submit applications is August 31, 2023 (with NO exceptions). 

Given the current delays and concerns with U.S. Mail delivery, CTPF encourages submitting forms and documents by email.

Need to scan a document to email to CTPF but you don't have a scanner? Don't worry. A printer or smartphone scanning apps or smartphone camera can help you get the job done. 

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.