Members who were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between 2008 and 2020 may receive a postcard or email notifying them of their eligibility to join a Class Action lawsuit. CTPF has been notified that this is legitimate outreach on behalf of BCBS. CTPF members who have questions or need additional information should use these options:

• Visit the settlement website, at www.BCBSsettlement.com
• Call the Class Action hotline 1-888-681-1142
• Email at info@BCBSsettlement.com

7:59 p.m. the meeting adjourned. 

7:55 p.m. the meeting returned to open session

6:28 p.m. the Trustees are in executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, June 22, 2021, at 4:30 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

The meeting agenda has been posted in the BoardDocs meeting management system in accordance with the Open Meetings Act.

Join Zoom Meeting

https://ctpf.zoom.us/j/93170969722

The CTPF office will be closed on Thusday, November 11, 2021, in observance of Veterans Day. Operations will resume at 8:00 a.m. on Friday. 

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

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

The Chicago Teachers’ Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund’s benchmark and the 6.75% investment assumption.  

A meeting of the Finance and Audit Committee will be held Tuesday, October 26, 2021, at 5:30 p.m.

Register in advance for this webinar

During their February 17, 2022, meeting the CTPF Board of Trustees thanked Trustees James Cavallaro and Gervaise Clay for their service and presented them with Distinguished Service Awards.  

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 a policy to routinely audit charter schools to review employee records to ensure that the Fund receives all contributions due.  

5:40 p.m. the meeting has adjourned

1:10 p.m. the Trustees have recessed to executive session. 

A Special Meeting of the CTPF Board of Trustees will be held on Thursday, April 22, 2021, at 1:00 p.m., for the purpose of interviewing candidates for the Executive Director position. 

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

6:50 p.m. The Finance Committee has adjourned

6:37 p.m. The Trustees have gone into executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, May 25, 2021, at 4:30 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

The 2021 1099R for pensioners will be mailed today, January 31, 2022, to the address on file at the CTPF on December 14, 2021. The forms will also be posted in the myCTPF Member Self Service Portal on February 1, 2022. If you need a replacement form, you are encouraged to create an account at myCTPF so that you can download it directly. Reprints for 1099Rs will not start until February 15, 2022. 

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. 

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.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF has eliminated the use of social security numbers throughout most outbound correspondence.  

Members who want to register for myCTPF will need their Member ID. Active members can find their Member ID on their Annual Statement and Annuitants can find the Member ID on a pay advice.

CTPF will offer two educational programs this afternoon for members.

1:30 p.m. Medicare Birthday Party for Members Turning Age 65

CTPF invites members turning age 65 to attend a Medicare “Birthday Party,” now conducted via webinar. These webinars are designed to help members evaluate their health insurance options. While these webinars are primarily for members turning 65 in the immediate future, anyone may attend a webinar.

Click here to register in advance for this webinar.

You will receive a confirmation email containing information about joining the webinar.

4:30 p.m. Educational Workshop for Active Members

CTPF is partnering with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active members. This afternoon's workshop will be presented by CTPF and will cover general pension information including:

1. Know the Differences - Tier 1 vs. Tier 2 Benefits
2. Ways to maximize your benefit
3. Survivorship and Death Benefits

Time at the end for Q and A will be provided. 

Please click the link below to join the webinar:

https://ctpf.zoom.us/j/96673324451

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

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.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. The increases range from $1 to $23 per month and vary by individual situation. A majority of participants will have rate increases of $7 or less.

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

CTPF mailed ballots via first-class mail to all eligible voters in the Pensioner Trustee election on Monday, October 18. Emails with voting credentials were also sent at that time to all pensioners with an email address on file.

The Fund has received reports from members who have not received their ballots due to delays with the US Mail.

Pensioners who have not yet received their ballot from YesElections should contact the Election Agent, YesElections at CTPFsupport@YesElections.com, or call (844) 413-2929 between 8:00 a.m. to 5:00 p.m. CT, Monday through Saturday, to confirm eligibility.

The unprecedented events that have taken place in eastern Europe, with the invasion of Ukraine, by Russia have sparked global outrage and international response. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) prohibited certain investments due to a round of international sanctions. The sanctions and moral imperative are impacting pension funds across the country, as they evaluate and consider reinvesting assets which may be currently invested in Russia.  

Monday, March 22, 2021, from 1:00-5:00 p.m. CTPF will perform critical maintenance on equipment which will limit the call center’s availability. Members who need to contact CTPF during this period are encouraged to email memberservices@ctpf.org. Members who call 312-641-4464 will need to leave a message and a representative will return the calls within 24-48 hours.   

6:30 p.m. The meeting has adjourned

4:50 p.m. The Trustees are now in Executive Session

A meeting of the Personnel Committee will be held Today, April 27, 2021, at 4:00 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

A meeting of the Technology Committee will be held Wednesday, May 19, 2021, at 9:30 a.m. 

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

At the September 23, 2021, meeting the CTPF Board of Trustees took action and amended the Return to Work Rules to define “Days” as excluding an in‐service day that a retired teacher must attend in order to serve as a substitute teacher. The in‐service days do not involve classroom teaching and therefore do not constitute re employment as a “teacher, "as referenced in Section 17‐149 of the Pension Code.  

On January 15, 2022, the US Government made additional over-the-counter testing opportunities available for individuals who want home tests for COVID-19.  

Two vehicles are being used for this roll out – some insurers are now required to cover the cost of test kits (up to 8 tests every 30 days, per person), and the government is also providing a website to facilitate the delivery of free test kits through US Mail. 

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.

UnitedHealthcare is offering meetings for CTPF members enrolled in their group Medicare Advantage (PPO) plans. Members who attend these meetings can learn how to take advantage of the benefits offered by this plan.  

Two sessions with the same information will be offered:

• Thursday, April 29, 2021, 10:00 a.m. - 12:00 p.m.
• Friday, April 30, 2021, 10:00 a.m. - 12:00 p.m.

 Advance registration is not required.

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between May 4, 2021, and July 1, 2021. 

Last week CPS began sending letters notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.”

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

On June 23, 2021, CTPF hosted an educational workshop for active members in cooperation with the CTU Pension and Insurance Committee. The presentation provided an overview of general pension information including:

• Know the Differences - Tier 1 vs. Tier 2 Benefits
• Ways to maximize your benefit
• Survivorship and Death Benefits

The webinar is now available on demand. 

It was announced on September 23, 2021, at the regular meeting of the Chicago Teachers' Pension Fund (CTPF) Board of Trustees that interim Chief Investment Officer (CIO) Andrew K. Kelsen resigned from his position. His last day with CTPF is September 24, 2021.  

2022 Medicare Open Enrollment - What Not to Do Webinar recording and presentation are now available to view.

Click here to view the webinar

Click here to view the presentation 

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2022, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. 

The increases range from $0.10 to $11.61 per month and vary by individual situation. A majority of participants will have rate increases of $4.18 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. 

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 City of Chicago is providing in-home COVID-19 vaccination for Chicago residents who are unable to leave home due to age, disability, or medical impairment. This program is intended to provide access to COVID-19 vaccine in a safe, equitable, and effective method. This mobile, home-health community vaccination program will serve those who are unable to travel to a vaccination site, as well as their caregivers. Those interested in signing up for the program should complete this survey (https://redcap.link/MobileCOVIDVax).

Members can download some of CTPF's most popular forms from the Member Forms and Information tab. 

The page includes downloadable information sheets and forms for various member-related matters, including applying for retirement, designating beneficiaries, disability benefits, and notice for returning to work.

Download your form, complete the required information, scan your document, and return to memberservices@ctpf.org. Click here to find ways to scanning without a scanner.

AUGUST 18, 2021 - CHICAGO - The Chicago Teachers' Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund's benchmark and the 6.75% investment assumption.   

A meeting of the Investment Committee will be held Thursday, October 28, 2021, at 9:30 a.m.

Register in advance for this webinar.

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. 

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.

12:47 p.m. The meeting has adjourned.

10:13 a.m. Trustees have recessed to executive session.

CTPF will hold a special meeting of the Board of Trustees on Tuesday, March 23, 2021, at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

6:55 p.m. The meeting has adjourned

6:40 p.m. The Trustees have returned to open session

5:00 p.m. The Trustees are in executive session

3:45 p.m. The Trustees meeting has resumed

3:00 p.m. The Trustees are at lunch and will return at 3:45 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, May 20, 2021, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

Carlton W. Lenoir, Sr., has been named Executive Director of the Chicago Teachers' Pension Fund (CTPF or the Fund). His appointment will be effective on August 2, 2021. Lenoir was the Chief Benefits Officer at Illinois Teachers' Retirement System for the last five years. A national search was conducted by EFL Associates.

A results-oriented pension fund professional with over 32 years of executive and operational experience, Lenoir began his CTPF career as an Active Accounts Counselor and worked his way up to a management position. He went on to hold leadership roles with public pension plans in Georgia and Illinois. His experience includes all phases of public pension fund administration, including the implementation of three enterprise-wide pension administration systems over an 18-year period. 

7:12 p.m. the meeting has adjourned.

6:33 p.m. the Trustees have returned to Open Session.

3:45 p.m. the Trustee are now in Executive Session and are scheduled to return at 5:45 p.m.

12:02 p.m. the Trustees have adjourned for lunch and will return at 12:47 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, October 21, 2021, at 9:30 a.m.

Register in advance for this webinar here.

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. 

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between now and July 1, 2021. 

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. 

12:30 p.m. the meeting has adjourned.

11:28 a.m. the Meeting has returned to open session.

9:56 a.m. the Trustees are in executive session.

CTPF will hold a Special Meeting of the Board of Trustees today at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

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

Zoom Meeting Details

https://ctpf.zoom.us/j/93942365191

Meeting ID: 939 4236 5191

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Find your local number: https://ctpf.zoom.us/u/anvkwUqXI

The CTPF office will be closed Friday, December 24, 2021, for the Christmas Holiday. Operations will resume at 8:00 a.m. on Monday, December 27, 2021.

CTPF is partnering with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active members. The June workshop will be presented by CTPF and will cover general pension information including:

1. Know the Differences - Tier 1 vs. Tier 2 Benefits
2. Ways to maximize your benefit
3. Survivorship and Death Benefits

Time at the end for Q and A will be provided. 

Please click the link below to join the webinar:

https://ctpf.zoom.us/j/96673324451

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

Andrew K. Kelsen has been named Interim Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF), effective August 19, 2021. Kelsen has served CTPF since 2014 as a Portfolio Manager - Alternative Investments. Kelsen will manage the operations of CTPF's $13.1 billion investment portfolio. 

Due to US Postal Service mail delays, CTPF is extending the date to return ballots in the Pensioner Trustee Election. All ballots must now be postmarked by November 6, 2021, and received by the Election agent by 5:00 p.m. (CT) on November 12, 2021. 

Nomination packets for the 2022 CTPF Teacher and Principal/Administrator Trustee elections will be available starting today, April 1, 2022. 

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. 

A meeting of the Claims and Service Credit Committee will be held today, April 29, 2021, at 4:30 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

CHICAGO - January 27, 2022 - The Chicago Teachers' Pension Fund (CTPF) announced that it invested $6.2 billion or 48 percent of total fund assets, with Minority, Women and Disadvantaged-Owned Business Enterprise (MWDBE) firms in fiscal year 2021, ending June 30, 2021. This represents a 27.2 percent increase in MWDBE dollars over FY 2020 investments. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing MWDBE firms access to investment opportunities. 

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.

8:09 p.m. The meeting has adjourned.

7:14 p.m. The Trustees have moved to executive session. 

A meeting of the Finance and Audit Committee will be held Tuesday, March 16, 2021, at 4:45 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

6:45 p.m. The meeting has adjourned

6:06 p.m. the Trustees have recessed to executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, April 20, 2021, at 4:00 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

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. 

Pensioners who receive payments effective January 1, 2022, may see several benefit changes.  

January 2022 payments may include an Automatic Annual Increase (based on eligibility and Tier) and deductions for the new health insurance rates. Review your January 2022 pension pay advice carefully. Your pay advices can be accessed at any time on myCTPF.   

If you need assistance or explanation, please contact Member Services at 312.641.4464 or email memberservices@ctpf.org. 

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. 

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. 

4:37 p.m. the meeting has adjourned

3:50 p.m. the Trustees have returned to Open Session

2:08 p.m. the Trustees have moved to executive session.

1:10 p.m. the Trusees have returned to Open Session

12:10 p.m. the Trustees have recessed for lunch and will return at 1:10 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, April 15, 2021, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

The week of June 18, 2021, the Chicago Public Schools (CPS) began notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.  

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.” 

CPS has been reporting service credit differently, based on the number of scheduled hours worked  instead of a day-for-day method. This reporting method has led to members earning more than one day of service for a day physically worked. In order for the district to align with reporting rules and the pension code, they are going make corrections in order to report the days of service credit based on the number of days worked rather than scheduled hours. 

The CTPF Teacher Trustee election concluded at 5:00 p.m. (CT), November 5, 2021. Teachers elected two Trustees who will serve three-year terms through 2024. The newly elected Teacher Trustees are (listed in alphabetical order): 

• Victor Ochoa
• Quentin S. Washington

Medicare has launched a new initiative and will now cover up to eight over-the-counter COVID-19 tests each calendar month, at no cost to participants. 

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. 

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2021 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2020. Those payments had a $2.0 billion impact on the Illinois economy, supporting more than 13,274 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 CTPF office will be closed on Monday, May 31, 2021, in observance of Memorial Day. Operations will resume at 8:00 a.m. on Tuesday, June 1. 

Legislation enacted August 27, 2021, changed the retirement plan requirements for educational staff employed by a Chicago contract school in a position requiring certification or licensure. Individuals employed in contract schools on or after August 27, 2021, will be automatically enrolled in the Chicago Teachers’ Pension Fund.   

Learn more at ctpf.org/Opt-In.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF will no longer offer Change of Address (107) and Direct Deposit (425) forms for download from www.ctpf.org. Members who need to change their address or change their direct deposit information should call Member Services, at 312.641.4464 to request these forms. Your identity will be confirmed before the forms are issued.  

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.

A meeting of the Policy Committee will be held Tuesday, March 16, 2021, at 4:00 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

A meeting of the Investment Committee will be held Thursday, April 22, 2021, at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2020 Popular Annual Financial Report (PAFR) which includes a summary of key information from the 2020 Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2020.

Every year, members in the AARP® Medicare Supplement Plan F (UnitedHealthcare) with Express Scripts Medicare® receive letters that can cause some unintended confusion. UnitedHealthcare is required to send these notifications to ensure members are aware when their AARP Medicare Supplement plan premium will be adjusted. The communication of the rate change is mandated by each states’ Department of Insurance.

The CTPF office is closed Monday, January 17, 2022, in observance of the Martin Luther King, Jr., Holiday. CTPF will reopen at 8:00 a.m. on Tuesday, January 18, 2022. 

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.  

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. 

If you're considering retirement in 2021, please plan on joining the Chicago Teachers' Pension Fund (CTPF) for a retirement webinar. Two more webinars will be offered on March 30, 2021, at 9:00 a.m. and 1:00 p.m. The webinars provide a one-stop-shop for retirement information, including a general overview of the CTPF and CPS retirement processes. CTPF's Member Services Department will be available at all webinars to answer individual questions.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

The Chicago Teachers’ Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund’s benchmark and the 6.75% investment assumption.  

A meeting of the Finance and Audit Committee will be held Tuesday, October 26, 2021, at 5:30 p.m.

Register in advance for this webinar

During their February 17, 2022, meeting the CTPF Board of Trustees thanked Trustees James Cavallaro and Gervaise Clay for their service and presented them with Distinguished Service Awards.  

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 a policy to routinely audit charter schools to review employee records to ensure that the Fund receives all contributions due.  

5:40 p.m. the meeting has adjourned

1:10 p.m. the Trustees have recessed to executive session. 

A Special Meeting of the CTPF Board of Trustees will be held on Thursday, April 22, 2021, at 1:00 p.m., for the purpose of interviewing candidates for the Executive Director position. 

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

6:50 p.m. The Finance Committee has adjourned

6:37 p.m. The Trustees have gone into executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, May 25, 2021, at 4:30 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

The 2021 1099R for pensioners will be mailed today, January 31, 2022, to the address on file at the CTPF on December 14, 2021. The forms will also be posted in the myCTPF Member Self Service Portal on February 1, 2022. If you need a replacement form, you are encouraged to create an account at myCTPF so that you can download it directly. Reprints for 1099Rs will not start until February 15, 2022. 

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. 

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.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF has eliminated the use of social security numbers throughout most outbound correspondence.  

Members who want to register for myCTPF will need their Member ID. Active members can find their Member ID on their Annual Statement and Annuitants can find the Member ID on a pay advice.

CTPF will offer two educational programs this afternoon for members.

1:30 p.m. Medicare Birthday Party for Members Turning Age 65

CTPF invites members turning age 65 to attend a Medicare “Birthday Party,” now conducted via webinar. These webinars are designed to help members evaluate their health insurance options. While these webinars are primarily for members turning 65 in the immediate future, anyone may attend a webinar.

Click here to register in advance for this webinar.

You will receive a confirmation email containing information about joining the webinar.

4:30 p.m. Educational Workshop for Active Members

CTPF is partnering with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active members. This afternoon's workshop will be presented by CTPF and will cover general pension information including:

1. Know the Differences - Tier 1 vs. Tier 2 Benefits
2. Ways to maximize your benefit
3. Survivorship and Death Benefits

Time at the end for Q and A will be provided. 

Please click the link below to join the webinar:

https://ctpf.zoom.us/j/96673324451

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

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.  

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. The increases range from $1 to $23 per month and vary by individual situation. A majority of participants will have rate increases of $7 or less.

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

CTPF mailed ballots via first-class mail to all eligible voters in the Pensioner Trustee election on Monday, October 18. Emails with voting credentials were also sent at that time to all pensioners with an email address on file.

The Fund has received reports from members who have not received their ballots due to delays with the US Mail.

Pensioners who have not yet received their ballot from YesElections should contact the Election Agent, YesElections at CTPFsupport@YesElections.com, or call (844) 413-2929 between 8:00 a.m. to 5:00 p.m. CT, Monday through Saturday, to confirm eligibility.

The unprecedented events that have taken place in eastern Europe, with the invasion of Ukraine, by Russia have sparked global outrage and international response. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) prohibited certain investments due to a round of international sanctions. The sanctions and moral imperative are impacting pension funds across the country, as they evaluate and consider reinvesting assets which may be currently invested in Russia.  

Monday, March 22, 2021, from 1:00-5:00 p.m. CTPF will perform critical maintenance on equipment which will limit the call center’s availability. Members who need to contact CTPF during this period are encouraged to email memberservices@ctpf.org. Members who call 312-641-4464 will need to leave a message and a representative will return the calls within 24-48 hours.   

6:30 p.m. The meeting has adjourned

4:50 p.m. The Trustees are now in Executive Session

A meeting of the Personnel Committee will be held Today, April 27, 2021, at 4:00 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

A meeting of the Technology Committee will be held Wednesday, May 19, 2021, at 9:30 a.m. 

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

At the September 23, 2021, meeting the CTPF Board of Trustees took action and amended the Return to Work Rules to define “Days” as excluding an in‐service day that a retired teacher must attend in order to serve as a substitute teacher. The in‐service days do not involve classroom teaching and therefore do not constitute re employment as a “teacher, "as referenced in Section 17‐149 of the Pension Code.  

On January 15, 2022, the US Government made additional over-the-counter testing opportunities available for individuals who want home tests for COVID-19.  

Two vehicles are being used for this roll out – some insurers are now required to cover the cost of test kits (up to 8 tests every 30 days, per person), and the government is also providing a website to facilitate the delivery of free test kits through US Mail. 

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.

UnitedHealthcare is offering meetings for CTPF members enrolled in their group Medicare Advantage (PPO) plans. Members who attend these meetings can learn how to take advantage of the benefits offered by this plan.  

Two sessions with the same information will be offered:

• Thursday, April 29, 2021, 10:00 a.m. - 12:00 p.m.
• Friday, April 30, 2021, 10:00 a.m. - 12:00 p.m.

 Advance registration is not required.

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between May 4, 2021, and July 1, 2021. 

Last week CPS began sending letters notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.”

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

On June 23, 2021, CTPF hosted an educational workshop for active members in cooperation with the CTU Pension and Insurance Committee. The presentation provided an overview of general pension information including:

• Know the Differences - Tier 1 vs. Tier 2 Benefits
• Ways to maximize your benefit
• Survivorship and Death Benefits

The webinar is now available on demand. 

It was announced on September 23, 2021, at the regular meeting of the Chicago Teachers' Pension Fund (CTPF) Board of Trustees that interim Chief Investment Officer (CIO) Andrew K. Kelsen resigned from his position. His last day with CTPF is September 24, 2021.  

2022 Medicare Open Enrollment - What Not to Do Webinar recording and presentation are now available to view.

Click here to view the webinar

Click here to view the presentation 

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2022, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC. 

The increases range from $0.10 to $11.61 per month and vary by individual situation. A majority of participants will have rate increases of $4.18 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. 

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 City of Chicago is providing in-home COVID-19 vaccination for Chicago residents who are unable to leave home due to age, disability, or medical impairment. This program is intended to provide access to COVID-19 vaccine in a safe, equitable, and effective method. This mobile, home-health community vaccination program will serve those who are unable to travel to a vaccination site, as well as their caregivers. Those interested in signing up for the program should complete this survey (https://redcap.link/MobileCOVIDVax).

Members can download some of CTPF's most popular forms from the Member Forms and Information tab. 

The page includes downloadable information sheets and forms for various member-related matters, including applying for retirement, designating beneficiaries, disability benefits, and notice for returning to work.

Download your form, complete the required information, scan your document, and return to memberservices@ctpf.org. Click here to find ways to scanning without a scanner.

AUGUST 18, 2021 - CHICAGO - The Chicago Teachers' Pension Fund (CTPF) today announced a 28.68% net return on investments for the 2020-21 fiscal year. The record-setting return exceeded both the Fund's benchmark and the 6.75% investment assumption.   

A meeting of the Investment Committee will be held Thursday, October 28, 2021, at 9:30 a.m.

Register in advance for this webinar.

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. 

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.

12:47 p.m. The meeting has adjourned.

10:13 a.m. Trustees have recessed to executive session.

CTPF will hold a special meeting of the Board of Trustees on Tuesday, March 23, 2021, at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

6:55 p.m. The meeting has adjourned

6:40 p.m. The Trustees have returned to open session

5:00 p.m. The Trustees are in executive session

3:45 p.m. The Trustees meeting has resumed

3:00 p.m. The Trustees are at lunch and will return at 3:45 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, May 20, 2021, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

Carlton W. Lenoir, Sr., has been named Executive Director of the Chicago Teachers' Pension Fund (CTPF or the Fund). His appointment will be effective on August 2, 2021. Lenoir was the Chief Benefits Officer at Illinois Teachers' Retirement System for the last five years. A national search was conducted by EFL Associates.

A results-oriented pension fund professional with over 32 years of executive and operational experience, Lenoir began his CTPF career as an Active Accounts Counselor and worked his way up to a management position. He went on to hold leadership roles with public pension plans in Georgia and Illinois. His experience includes all phases of public pension fund administration, including the implementation of three enterprise-wide pension administration systems over an 18-year period. 

7:12 p.m. the meeting has adjourned.

6:33 p.m. the Trustees have returned to Open Session.

3:45 p.m. the Trustee are now in Executive Session and are scheduled to return at 5:45 p.m.

12:02 p.m. the Trustees have adjourned for lunch and will return at 12:47 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, October 21, 2021, at 9:30 a.m.

Register in advance for this webinar here.

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. 

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

CTPF members who are enrolled in Humana Group Medicare Advantage Plan members can join a Humana Member Engagement meeting which will be held on several dates between now and July 1, 2021. 

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. 

12:30 p.m. the meeting has adjourned.

11:28 a.m. the Meeting has returned to open session.

9:56 a.m. the Trustees are in executive session.

CTPF will hold a Special Meeting of the Board of Trustees today at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

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

Zoom Meeting Details

https://ctpf.zoom.us/j/93942365191

Meeting ID: 939 4236 5191

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Find your local number: https://ctpf.zoom.us/u/anvkwUqXI

The CTPF office will be closed Friday, December 24, 2021, for the Christmas Holiday. Operations will resume at 8:00 a.m. on Monday, December 27, 2021.

CTPF is partnering with the Chicago Teachers Union Pension Insurance Committee to present an educational workshop for active members. The June workshop will be presented by CTPF and will cover general pension information including:

1. Know the Differences - Tier 1 vs. Tier 2 Benefits
2. Ways to maximize your benefit
3. Survivorship and Death Benefits

Time at the end for Q and A will be provided. 

Please click the link below to join the webinar:

https://ctpf.zoom.us/j/96673324451

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

Andrew K. Kelsen has been named Interim Chief Investment Officer (CIO) of the Chicago Teachers' Pension Fund (CTPF), effective August 19, 2021. Kelsen has served CTPF since 2014 as a Portfolio Manager - Alternative Investments. Kelsen will manage the operations of CTPF's $13.1 billion investment portfolio. 

Due to US Postal Service mail delays, CTPF is extending the date to return ballots in the Pensioner Trustee Election. All ballots must now be postmarked by November 6, 2021, and received by the Election agent by 5:00 p.m. (CT) on November 12, 2021. 

Nomination packets for the 2022 CTPF Teacher and Principal/Administrator Trustee elections will be available starting today, April 1, 2022. 

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. 

A meeting of the Claims and Service Credit Committee will be held today, April 29, 2021, at 4:30 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

Members who do not participate in CTPF health insurance plans can apply for a rebate of their premium payments, payable annually. The mailing with the information needed to submit a rebate application was sent to eligible members on Friday, February 19, 2021.  

Novmeber 1-5, 2021, CTPF will hold elections for:  

• Two Teacher Trustees to serve three-year terms from/ November 2021 – 2024
• Three Pensioner Trustees to serve two-year terms from November 2021 – 2023 

CHICAGO - January 27, 2022 - The Chicago Teachers' Pension Fund (CTPF) announced that it invested $6.2 billion or 48 percent of total fund assets, with Minority, Women and Disadvantaged-Owned Business Enterprise (MWDBE) firms in fiscal year 2021, ending June 30, 2021. This represents a 27.2 percent increase in MWDBE dollars over FY 2020 investments. CTPF is proud to remain a leader among pension and retirement systems throughout the United States in providing MWDBE firms access to investment opportunities. 

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.

8:09 p.m. The meeting has adjourned.

7:14 p.m. The Trustees have moved to executive session. 

A meeting of the Finance and Audit Committee will be held Tuesday, March 16, 2021, at 4:45 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

6:45 p.m. The meeting has adjourned

6:06 p.m. the Trustees have recessed to executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, April 20, 2021, at 4:00 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

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. 

Pensioners who receive payments effective January 1, 2022, may see several benefit changes.  

January 2022 payments may include an Automatic Annual Increase (based on eligibility and Tier) and deductions for the new health insurance rates. Review your January 2022 pension pay advice carefully. Your pay advices can be accessed at any time on myCTPF.   

If you need assistance or explanation, please contact Member Services at 312.641.4464 or email memberservices@ctpf.org. 

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. 

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. 

4:37 p.m. the meeting has adjourned

3:50 p.m. the Trustees have returned to Open Session

2:08 p.m. the Trustees have moved to executive session.

1:10 p.m. the Trusees have returned to Open Session

12:10 p.m. the Trustees have recessed for lunch and will return at 1:10 p.m.

The CTPF Board of Trustees is holding a Board meeting, today, April 15, 2021, at 9:30 a.m. Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/video conferencing. 

Public participation will be available at the beginning of the meeting. The agenda is available through the BoardDocs meeting system. Information is posted in accordance with the Open Meetings Act. Pursuant to Public Act 101-0640, all votes will be taken by roll call.

The week of June 18, 2021, the Chicago Public Schools (CPS) began notifying Part Time teachers that they may receive a recalculation of their service credit due to changes in the way days worked are reported to CTPF.  

CTPF tracks service credit according to rules that are defined by Illinois statute which states: “When computing days of validated service, contributors shall receive one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an Employer or the Board.” 

CPS has been reporting service credit differently, based on the number of scheduled hours worked  instead of a day-for-day method. This reporting method has led to members earning more than one day of service for a day physically worked. In order for the district to align with reporting rules and the pension code, they are going make corrections in order to report the days of service credit based on the number of days worked rather than scheduled hours. 

The CTPF Teacher Trustee election concluded at 5:00 p.m. (CT), November 5, 2021. Teachers elected two Trustees who will serve three-year terms through 2024. The newly elected Teacher Trustees are (listed in alphabetical order): 

• Victor Ochoa
• Quentin S. Washington

Medicare has launched a new initiative and will now cover up to eight over-the-counter COVID-19 tests each calendar month, at no cost to participants. 

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. 

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

The Chicago Teachers' Pension Fund (CTPF) announced the release of its 2021 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2020. Those payments had a $2.0 billion impact on the Illinois economy, supporting more than 13,274 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 CTPF office will be closed on Monday, May 31, 2021, in observance of Memorial Day. Operations will resume at 8:00 a.m. on Tuesday, June 1. 

Legislation enacted August 27, 2021, changed the retirement plan requirements for educational staff employed by a Chicago contract school in a position requiring certification or licensure. Individuals employed in contract schools on or after August 27, 2021, will be automatically enrolled in the Chicago Teachers’ Pension Fund.   

Learn more at ctpf.org/Opt-In.

The Chicago Teachers’ Pension Fund (CTPF) is committed to protecting members’ data, and in an effort to improve the security of personal information, CTPF will no longer offer Change of Address (107) and Direct Deposit (425) forms for download from www.ctpf.org. Members who need to change their address or change their direct deposit information should call Member Services, at 312.641.4464 to request these forms. Your identity will be confirmed before the forms are issued.  

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.

A meeting of the Policy Committee will be held Tuesday, March 16, 2021, at 4:00 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

A meeting of the Investment Committee will be held Thursday, April 22, 2021, at 9:30 a.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

The Chicago Teachers’ Pension Fund (CTPF) Board of Trustees has released its 2020 Popular Annual Financial Report (PAFR) which includes a summary of key information from the 2020 Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2020.

Every year, members in the AARP® Medicare Supplement Plan F (UnitedHealthcare) with Express Scripts Medicare® receive letters that can cause some unintended confusion. UnitedHealthcare is required to send these notifications to ensure members are aware when their AARP Medicare Supplement plan premium will be adjusted. The communication of the rate change is mandated by each states’ Department of Insurance.

The CTPF office is closed Monday, January 17, 2022, in observance of the Martin Luther King, Jr., Holiday. CTPF will reopen at 8:00 a.m. on Tuesday, January 18, 2022. 

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.  

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. 

If you're considering retirement in 2021, please plan on joining the Chicago Teachers' Pension Fund (CTPF) for a retirement webinar. Two more webinars will be offered on March 30, 2021, at 9:00 a.m. and 1:00 p.m. The webinars provide a one-stop-shop for retirement information, including a general overview of the CTPF and CPS retirement processes. CTPF's Member Services Department will be available at all webinars to answer individual questions.

Members who participate in the AARP Medicare Supplement Plan F (UnitedHealthcare) recently received a letter from UnitedHealthcare (UHC) with information regarding a June 1, 2021, rate increase. Plan F premiums are based on age, gender, vary by geographic area, and are determined directly by UHC.

7:59 p.m. the meeting adjourned. 

7:55 p.m. the meeting returned to open session

6:28 p.m. the Trustees are in executive session.

A meeting of the Finance and Audit Committee will be held Tuesday, June 22, 2021, at 4:30 p.m.

Due to the COVID-19 emergency, and in accordance with Public Act 101-0640, enacted June 12, 2020, this meeting is being conducted via audio/videoconferencing.

The meeting agenda has been posted in the BoardDocs meeting management system in accordance with the Open Meetings Act.

Join Zoom Meeting

https://ctpf.zoom.us/j/93170969722

The CTPF office will be closed on Thusday, November 11, 2021, in observance of Veterans Day. Operations will resume at 8:00 a.m. on Friday. 

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

Last spring, Gabriel Christopher and Travonce Flowers of Equis Financial obtained CTPF members’ email addresses and contacted numerous members in an attempt to sell life insurance products.

Members who were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between 2008 and 2020 may receive a postcard or email notifying them of their eligibility to join a Class Action lawsuit. CTPF has been notified that this is legitimate outreach on behalf of BCBS. CTPF members who have questions or need additional information should use these options:

• Visit the settlement website, at www.BCBSsettlement.com
• Call the Class Action hotline 1-888-681-1142
• Email at info@BCBSsettlement.com