The Chicago Teachers' Pension Fund (CTPF) Board of Trustees has established several committees to review and research various topics. These committees meet periodically as needed, and generally make recommendations for approval during regular Board meetings.

Investment Committee

Committee Chairperson: Philip Weiss

The Investment Committee is a committee of the whole and includes all CTPF Trustees. The committee meets each month and is primarily responsible for decisions regarding the Board’s duty to invest the assets of CTPF. The committee:

• Periodically reviews and changes investment policy and asset allocation
• Evaluates investment portfolio and investment manager performance
• Evaluates and selects investment managers, a master trustee, investment consultants, and policy level benchmarks
• Approves the assignment of investment-related contracts
• Terminates investment service providers
• Performs other duties that may be assigned by the Board of Trustees

Finance and Audit Committee

Committee Chairperson: Mary Sharon Reilly

Members: Jacquelyn Price Ward, Philip Weiss, Quentin S. Washington, Victor Ochoa

The Finance and Audit Committee is a standing committee and includes five CTPF Trustees. The audit committee meets as needed and provides oversight of management’s administration of the Fund’s annual budget and financial operations. The committee also:

• Receives the periodic reports of the Director of Internal Audit
• Receives the annual report of independent auditor
• Provides direction on various audit policy matters
• Performs other duties that may be assigned by the Board of Trustees

Pension Laws and Administrative Rules Committee

Committee Chairperson: Jacquelyn Price Ward

Members: Jeffery Blackwell, Victor Ochoa, Lois Nelson, Quentin S. Washington

The Pension Laws and Administrative Rules Committee is a standing committee and includes five CTPF Trustees. The committee meets as needed to establish CTPF’s legislative agenda. The committee also:

• Recommends endorsement or opposition to proposed legislation
• Recommends statutory amendments to the Pension Code as needed
• Reviews compliance and recommends amendments to Board by-law and rules, and State laws applicable to the Fund
• Performs other duties that may be assigned by the Board of Trustees

Claims and Service Credits Committee

Committee Chairperson: Quentin S. Washington

Members: Victor Ochoa, Jacquelyn Price Ward, Maria J. Rodriguez, Jerry Travlos

The Claims and Service Credits Committee is a standing committee and includes five CTPF trustees. The committee meets as needed and recommends action by the Board on applications for pensions including disability and refunds. The committee also:

• Acts as a fact finder and administrative judge when a member appeals the denial of a benefit
• Reports its findings to the full Board and recommends whether a denial should be upheld or reversed

Committee on Personnel

Committee Chairperson: Mary Sharon Reilly

Members: Jeffery Blackwell, Jerry Travlos, Quentin S. Washington, Tina Padilla

The Committee on Personnel is a standing committee and includes five CTPF Trustees. The committee reviews and evaluates and makes recommendations to the Board relating to the staff compensation program, employee benefits, and the Board’s Employee Handbook. The Committee performs other duties as the Board may assign.   

Executive Committee

Committee Chairperson: Jeffery Blackwell

Members: Jacquelyn Price Ward, Mary Sharon Reilly, Lois Nelson

The Executive Committee consists of the President, the Financial Secretary, the Chairperson of the Personnel Committee, and one Trustee elected by the Trustees. The Executive Committee shall be responsible, in accordance with the Employee Handbook and the Fund’s Policies, for monitoring all complaints and grievances investigated by the Human Resources Director or by the Director of Internal Audit and for considering all employee grievance appeals filed with the Executive Committee. The Executive Committee shall perform such other duties as the Board may assign.

Other Committees

The Board may establish other special or ad hoc committees as needed, with duties established by the full Board. Current other committees include:

Disability

Committee Chairperson: Victor Ochoa

Members: Mary Sharon Reilly, Maria J. Rodriguez

Elections

Committee Chairperson: Quentin S. Washington

Members: Victor Ochoa, Jacquelyn Price Ward

Health Insurance

Committee Chairperson: Mary Sharon Reilly

Members: Lois Nelson, Maria J. Rodriguez

Policy

Committee Chairperson: Jeffery Blackwell

Members: Mary Sharon Reilly, Jacquelyn Price Ward

Return to Work

Committee Chairperson: Lois Nelson

Members: Mary Sharon Reilly, Maria J. Rodriguez

Technology

Committee Chairperson: Victor Ochoa

Members: Jacquelyn Price Ward, Jefferey Blackwell