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