This Fall, CTPF will hold elections for: 

• Two (2) Teacher Trustees to serve three-year terms from November 2025 - November 2028 
• One (1) Principal/Administrator Trustee to serve a three-year term from November 2025 – November 2028 
• Three (3) Pensioner Trustees to serve two-year terms from November 2025 - November 2027. 

During the June 26, 2025, Board of Trustees meeting, Carlton W. Lenoir, Sr., Executive Director of the Chicago Teachers’ Pension Fund (CTPF), delivered the 2025 State of the Fund. This comprehensive update highlights CTPF’s progress over the past year, including strategic initiatives, financial performance, operational improvements, and stakeholder engagement. The report reflects the Fund’s continued commitment to transparency, innovation, and the economic well-being of its members, while reinforcing the values that guide its mission and long-term sustainability. View the full FY 2025 State of the Fund here. 

3:10 p.m. the meeting has adjourned 

2:07 p.m. the Trustees are back in Open Session

1:40 p.m. the Trustees have moved to Executive Session

12:51 p.m. the Trustees have adjourned for lunch and will return at 1:35 p.m. 

A meeting of the Board of Trustees will be held Thursday, June 26, 2025, at 9:30 a.m. in the CTPF office.

Please note, ending times for all meetings are approximate. The Board of Trustees meeting 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.

This Fall, CTPF will hold elections for: 

• Two (2) Teacher Trustees to serve three-year terms from November 2025 - November 2028 
• One (1) Principal/Administrator Trustee to serve a three-year term from November 2025 – November 2028 
• Three (3) Pensioner Trustees to serve two-year terms from November 2025 - November 2027. 

Designating a beneficiary ensures that the lump-sum death benefit and any refund of contributions are paid according to a CTPF member’s wishes. 

Keeping Your Designation Current 

It is important to update the Designation of beneficiary form as life events occur, including marriage, civil union, death, birth, or divorce. It is also important to keep your beneficiary's contact information up-to-date. 

A member may change their designation at any time by submitting an updated form to CTPF. The designation form must be on file at CTPF prior to the member’s death. 

The information contained on a designation form is confidential and will not be disclosed to anyone. If you cannot locate a copy of this form or recall your named beneficiary, please contact Member Services at 312-641-4464. 

During the Board of Trustees meeting on May 15, 2025, the Chicago Teachers’ Pension Fund (CTPF) welcomed Emma Lozano and Ed Bannon, who were sworn in as Trustees representing the Chicago Board of Education. Trustee Lozano will serve a term through October 31, 2028, and Trustee Bannon will serve through October 31, 2027. 

5:35 p.m. the Trustees have returned to open session.

6:00 p.m. the Meeting has adjourned

1:30 p.m. Trustees have gone into Closed Session

12:30 p.m. Trustees have recessed for lunch and will return at 1:15 p.m.

A meeting of the Board of Trustees will be held today, Thursday, May 15, 2025, at 9:30 a.m. in the CTPF office.

Please note, ending times for all meetings are approximate. The Board of Trustees meeting 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.

Join UHC for this informational event to learn more about your 2025 UnitedHealthcare® Group Medicare Advantage plan benefits. The webinar will take place Thursday, April 24, 2025, 10 a.m. - 12 p.m.

The 2024 1099-R mailing for pensioners was sent on January 31, 2025. If you need immediate access to your 2024 1099-R form, it can be downloaded from the myCTPF Member Self Service Portal. Create an account at myCTPF.org so that you can download it directly.  

 We understand that some members received letters indicating that because of changes due to the Social Security Fairness Act, CTPF will no longer be able to make payments to Medicare on their behalf.  

For many years, CTPF has offered its MedPay service, which makes payments for Medicare Parts A and/or B for some members who must pay for these benefits. The Centers for Medicare and Medicaid Services (CMS) has cancelled CTPF’s ability to make payments on behalf of some members. These members may now receive Social Security (SSA) payments, (or increased SSA payments), and CMS will withdraw Medicare premium payments directly from these benefits. This automatic SSA payment makes the third-party payment by CTPF unnecessary.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2025, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.  

The subsidized increases range from $5.33 to $32.11 per month and vary by individual situation. A majority of participants will have rate increases of $16.69 or less. The new rate quoted by UHC does not include a CTPF member’s 60% health insurance premium subsidy or the cost of the Express Scripts Medicare Part D pharmacy benefit.  

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2025 Economic Impact Statement. CTPF made $1.5 billion in direct payments to annuitants living in Illinois in 2024. Those payments had a $2.1 billion impact on the Illinois economy, supporting more than 11,818 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.  

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

Gail Davis, Director of Administrative Services at the Chicago Teachers’ Pension Fund (CTPF), received the Chicago Defender’s 2025 Women of Excellence Award. Davis, along with 49 other honorees, was recognized during the awards ceremony on March 21, 2025. She received her award from one of the event's emcees, her daughter Samantha Chatman of ABC 7 Chicago, adding a deeply personal touch to the honor. 

“Gail’s dedication and service to CTPF over the past 40 years have been remarkable. Her commitment to our members and her tireless efforts to support our Trustees have had a profound impact on our organization. This award is a well-deserved recognition of her exceptional contributions,” said Carlton W. Lenoir, Sr., Executive Director of CTPF. 

On March 18, 2025, Trustees and staff from the Chicago Teachers’ Pension Fund (CTPF) and the Retired Teachers Association of Chicago (RTAC) held a successful lobby day in Springfield, IL. The event educated lawmakers about legislative priorities and shared crucial information about CTPF’s current bills SB1188, SB1893, and SB1934.  

"The collaborative effort highlights our commitment to ensuring that our members’ needs are addressed, and our voices are heard," said Executive Director Carlton W. Lenoir, Sr. "This was an exceptional opportunity to raise awareness of our legislative priorities and to help ensure that they are addressed during this legislative session."