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 2025 Economic Impact Statement highlights the significant role that CTPF educators play beyond the classroom, shaping future leaders and contributing to the economic health of Chicago and Illinois," said Carlton W. Lenoir, Sr., Executive Director, CTPF. "We are proud of the substantial positive impact that CTPF pension payments have on the Illinois economy, supporting thousands of jobs and bolstering local communities."

The report found that 83 percent of CTPF's annuitants who collect a pension stay in the State of Illinois, with nearly half of that number continuing to call Chicago home. CTPF annuitants residing in Chicago are responsible for approximately $1.1 billion in total economic impact and support 5,891 jobs across the city.

The study used standard economic multipliers from the U.S. Department of Commerce Bureau of Economic Analysis to assess the economic impact of spending.