CTPF posts important news and updates about the Fund daily on Facebook, Twitter and LinkedIn. Follow CTPF today at @chicagoteacherspension on Facebook, @ctpf_tweets on Twitter and Chicago Teachers’ Pension Fund on LinkedIn.  

State certified teachers or administrators employed by a private school recognized by the Illinois State Board of Education, who have served as a contributing teacher for a CTPF employer for at least 10 years, may be eligible to purchase that private teaching service and have that credit added to total years of service. 

Have you been overwhelmed with Medicare solicitation on the television, radio and social media and want to learn the facts? CTPF’s Health Insurance Manager, Carrie Berkich, will host "2023 Medicare Open Enrollment - What Not to Do" to help you avoid costly mistakes. Register for all webinars by clicking on the date at ctpf.org/calendar. 

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 calculator can help you estimate your monthly CTPF pension income at retirement. ctpf.org/calculator

The schedule for mailing checks and direct deposit dates through December 2023 is now available. Click here for the full schedule.

Have you been overwhelmed with Medicare solicitation on the television, radio and social media and want to learn the facts? CTPF’s Health Insurance Manager, Carrie Berkich, will host "2023 Medicare Open Enrollment - What Not to Do" to help you avoid costly mistakes. Register for all webinars by clicking on the date at ctpf.org/calendar. 

The CTPF Teacher and Principal/Administrator Trustee elections concluded at 5:00 p.m. (CT), November 4, 2022.  

Two teacher Trustees were re-elected to serve three-year terms from November 2022 – November 2025.

The newly re-elected Teacher Trustees are (listed in alphabetical order):  

• Jeffery Blackwell
• Jacquelyn Price Ward

Click here for the Certified Election Results from YesElections.  

One Principal/Administrator Trustee was re-elected to serve a three-year term from November 2022 – November 2025.

The newly re-elected Principal/Administrator Trustee is:  

• Jerry Travlos

Click here for the Certified Election Results from YesElections. 

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.

CTPF has had members inquire with concerns about the phasing out of the AARP Medicare Supplement Plan F, an individual Medigap plan administered by UnitedHealthcare and endorsed by AARP. At this time, the plan remains open to members who turned age 65 before January 1, 2020. The plan was limited due to the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), and the decision to limit enrollment was determined by Medicare.

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.

Fernando Vinzons has been named Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF). His appointment is effective July 11, 2022. Vinzons previously served as Director of Investments for the Cook County Pension Fund. He will manage the operations of CTPF’s $13.1 billion investment portfolio. 

During the spring legislative session, the Illinois General Assembly unanimously passed two measures designed to help address the shortage of Chicago Public School (CPS) substitute teachers/administrators, and another which allows the purchase of prior teaching service in private schools for a limited time.

This fall, CTPF will hold an election for:

• Two Teacher Trustees to serve three-year terms from November 2022 – November 2025
• One Principal/Administrator Trustee to serve a three-year term from November 2022 – November 2025

Nominating packets are now available. 

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.  

This fall, CTPF will hold an election for:

• Two Teacher Trustees to serve three-year terms from November 2022 – November 2025
• One Principal/Administrator Trustee to serve a three-year term from November 2022 – November 2025

Nominating packets are now available.