STATEMENT OF CANDIDACY 

Contact Information: 
jacksilver1@gmail.com
773-230-4450

Jack Silver served as Vice President and Trustee on the Board of the Chicago Teachers’ Pension Fund for 15 years. Under his leadership, the pension fund grew from $3 billion to $10 billion. Jack demanded answers from Wall Street money managers that performed poorly and was at the forefront of investigation financial industry conflicts of interest.  While others feared challenging powerful Wall Street firms, Jack rose to the challenge of protecting your financial security.

Jack was also one of the leaders in promoting the hiring of minority and women owned brokers and money managers.  

He firmly believes the fund should be fully transparent, so that all contributors of the fund can see how their retirement savings are invested.  He also is committed to reducing the outlandish fees paid to Wall Street billionaires.

Jack is serving as Chairperson of the Pension-Insurance Committee of the Chicago Teachers Union, which involves educating members on various pension issues and has worked with state legislators and lobbyists on legislation that will protect the benefits of active teachers and retirees.  He is also a member of the C.T.U. Executive Board and is also a lifetime member of both CORE and of RTAC.

Jack has also been working on Tier 2 reform with the Illinois state legislature, IFT, and CTU.

As a pensioner trustee, I would continue to advocate for no changes in CTPF retiree benefits. It is important to keep the 3% COLA for retirees. I also would be against TRS combining with CTPF. I would also still advocate for continuing health rebates for all retirees and for better health benefits for our retirees. 

Disclaimer: CTPF is not responsible for the content of this material and has not verified any of the information.