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April 2011 Update |
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Snowbird? | | Help us stay in touch.... | |
If you're returning to Chicago for the summer, don't forget to file a change of address form with CTPF. Pension checks are not forwarded. You must complete a temporary change of address form to ensure proper mail delivery. Find forms at www.ctpf.org.
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Calling all Pension Reps!
Do you serve as a
CTPF Pension Representative? If you
do, please take a minute and send your e-mail address, school, and
cell phone number
(if you use text messaging) in an e-mail addressed to our pension representative coordinator at
pensionrep@ctpf.org.
PENSION REPS... SAVE THE DATE
The 7th annual pension representative seminar will be held on October 1, 2011, at the Crowne Plaza Hotel, 733 West Madison Street, Chicago. Registration information will be available in the summer.
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Contact Info for Key Illinois Lawmakers | | CTPF is governed by Illinois law. Support legislation favorable to CTPF by contacting key lawmakers to share your voice. |
Governor
Pat Quinn
Springfield Office
207 State House
Springfield, IL 62706
217.782.0244 phone
888.261.3336 TTY
Chicago Office
Thompson Center
100 W. Randolph, 16-100
Chicago, IL 60601
312.814.2121 phone
Senate President
John J. Cullerton
Springfield Office
327 Capitol Building
Springfield, IL 62706
217.782.2728 phone
217.782.3242 fax
District Office
4237 N. Lincoln Avenue
Chicago, IL 60618
773.883.0770 phone
773.296.0993 fax
Speaker of the House
Michael J. Madigan
Springfield Office
300 Capitol Building
Springfield, IL 62706
217.782.5350 phone
217.524.1794 fax
mmadigan@hds.ilga.gov
District Office
6500 South Pulaski Rd.
Chicago, IL 60629
773.581.8000 phone
773.581.9414 fax
House Appropriations Committee
Elementary and Secondary Education
Rep. William Davis, Chair
Springfield Office
254-W Stratton Building
Springfield, IL 62706
217.782.8197 phone
williamd@ilga.gov
District Office
1912 W. 174th Street
East Hazel Crest, IL 60429
708.799.7300 phone
708.799.7377 Fax
House Personnel and Pensions Committee
Rep. Kevin McCarthy, Chair
Springfield Office
261-S Stratton Building
Springfield, IL 62706
217.782.3316 phone
217.789.6250 fax
District Office
8951 W. 151st Street
Orland Park, IL 60462
708.226.1999 phone
708.226.9068 fax
kevmac37@sbcglobal.net
Senate Pensions and Investments Committee
Kwame Raoul, chair
Springfield Office
122 Capitol Building
Springfield, IL 62706
217.782.5338 phone
217.558.6006 fax
District Office
1509 E. 53rd Street, 2nd Floor
Chicago, IL 60615
773.363.1996 phone
773.681.7166 fax
raoulstaff@gmail.com |
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NEWS ARCHIVE | |
PENSION E-News
March E-News
February E-News
January E-News
CTPF E-LERTS
E-LERTS share time sensitive information, often about pending legislative actions.
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The Chicago Teachers' Pension Fund has set
Friday, November 4, 2011, as the date for the
2011 Trustee Elections.
Teacher Trustees
Teachers and other active contributors (other than Principals/ Administrators) will elect two Trustees to serve three-year terms from November 2011 to November 2014. Typically, the election is held on the last Friday of October, which would have been October 28, 2011. The election was moved because the CPS school calendar has scheduled a professional development and/or student non-attendance day for many schools on
October 28, 2011.
Pensioner Trustees
The Pensioner Trustee Election will be conducted by mail ballot. The official date for the election is November 4, 2011. Pensioners will elect three Trustees to serve two-year terms from November 2011 to November 2013.
Eligibility
Teachers: individuals must hold an Illinois State Teaching Certificate, be current CTPF contributors, and have been assigned on a regular certificate in the Chicago Public or Charter Schools for a minimum of 10 years.
Pensioners: individuals must be current service, reciprocal, or disability pension recipients.
Nomination Packets Available May 2, 2011
Members interested in running for office should request a nomination packet by contacting the CTPF Election Team at 312.604.1400 ext. 132 or 169. Packets will be available May 2, 2011. Candidate eligibility will be verified before the packet can be issued. Nominating petitions must be returned by 5:00 p.m., Friday, September 30, 2011
Additional Information
Additional information is available in the Election Policies and Procedures Handbook, at www.ctpf.org. Election questions may be directed to the CTPF Election Team at 312.604.1400 ext. 132 or 169. |
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Travel to CTPF this summer and enjoy one of our Road Map to Retirement Information Sessions. These informative seminars,
hosted by CTPF member services and health benefits staff, can
get you started down the right path. You'll learn more about
vacation day payouts, the 2.2 upgrade option, your post-retirement health insurance choices, and other important retirement topics.
Sessions will be offered July 12th and August 10th
(attend one)
10 a.m. - 12 noon, 1 p.m. - 3 p.m., or 4 p.m. - 6 p.m.
Seminars will be held in the CTPF office
203 North LaSalle Street, suite 2600
Chicago, IL 60601-1231
Reservations are required. Call 312.641.4464 to register. See below for parking and transit information. |
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Visiting CTPF 
Scheduled appointments with Member Services counselors are available Monday through Friday from 8:00 a.m. to 4:00 p.m.
Walk-ins are accepted on a first-come, first-served basis, between 9:00 a.m. and 3:00 p.m., but wait times will vary and may be lengthy during busy periods. An appointment is always recommended.
Call 312.641.4464 to schedule an appointment. CTPF is located at 203 North LaSalle Street, suite 2600 Chicago, Illinois 60601-1231
Parking and Transit Information
The 203 North LaSalle building has a self-park garage and easy CTA access.
Reduced parking vouchers, available from the office, can be bought for $15, (check only, no cash). The CTA's blue, green, brown, pink, purple, and orange lines all stop at Clark and Lake. |
Legislative Update
The Chicago Teachers' Pension Fund is governed by Illinois law. Changes to the governance of the fund begin in Springfield, Ill. CTPF encourages all members to take an active role contacting legislators and advocating for the fund. Click here for find additional information and a complete list of the fund's legislative priorities for 2010-2011.
Support House Bill 3401
CTPF encourages all members to contact legislators and ask for their support of Illinois House Bill 3401. This bill requests that CTPF be allowed to increase its spending on health insurance for retirees from $65M to $100M annually. The State set the health insurance spending cap at $65M in 2003-2004, and has not increased the amount since that time. During the same period, the number of CTPF retirees has increased almost 36%.
Unless the spending cap is raised, the amount CTPF can offer to retirees for health insurance premium subsidies will continue to decline.
Senate Bill 1831 Passes
CTPF, Chicago Public Schools (CPS), and Chicago Teachers Union (CTU) recently agreed to amend the payroll provisions of Article 17 of the Illinois Pension Code. April 14, 2011, the Illinois Senate passed Bill 1831, which amends the language so that teachers earn one day of pension service credit for each day of paid employment (day-for-a-day rule) and defines a year of service credit as 170 days.
This new rule will apply to all teachers, full-time, part-time, half-time, or substitutes. The bill was waiting on the governor's signature at press time.
House Bill 1544 Defeated
Illinois House Bill 1544 passed out of committee but was defeated on the House floor in a roll call vote on April 11. The bill provided language mandating that CTPF receive about 20% of the annual allocation made to the Teachers Retirement System (downstate teachers). This bill would provide an additional $400M annually to CTPF from the state and would help to stabilize the fund with a more equitable funding structure. CTPF will continue to work towards passage of this type of legislation.
House Bill 3639 Passes
House Bill 3639 passed unanimously by the Illinois House of Representatives on March 31, 2011. An amendment to this bill gives more than $2.5B in funding for the downstate Teachers Retirement System and appropriates $10M to CTPF. |
 Pension Payment Schedule
The schedule for mailing checks/direct deposit advices and the date for posting direct deposits is listed below. Please use this as a guide for budgeting.
Most members who retire in June will receive their payments through direct deposit. Direct deposit funds are normally available on their posting date. Retirees receive a direct deposit advice by mail, each January, December, and any time there is a change to the check amount.
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Month |
Mailing Date |
Direct
Deposit Date | |
July 2011 |
June 29, 2011 |
July 1, 2011 | |
August 2011 |
July 29, 2011 |
August 1, 2011 | |
September 2011 |
August 30, 2011 |
September 1, 2011 | |
October 2011 |
September 29, 2011 |
October 3, 2011 | |
November 2011 |
October 28, 2011 |
November 1, 2011 | |
December 2011 |
November 29, 2011 |
December 1, 2011 | |
January 2012 |
December 30, 2011 |
January 3, 2012 | |
February 2012 |
January 30, 2012 |
February 1, 2012 | |
March 2012 |
February 28, 2012 |
March 1, 2012 | |
April 2012 |
March 30, 2012 |
April 2, 2012 | |
May 2012 |
April 27, 2012 |
May 1, 2012 | |
June 2012 |
May 30, 2012 |
June 1, 2012 |
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CALENDAR
May
2 CTPF Election nomination packets available from CTPF Election Team.
19 9:30 a.m., Trustee Meeting, open to the public, CTPF office
30 Memorial Day observed, office closed
June
9 9:30 a.m., Trustee Meeting, open to the public, CTPF office
July
4 Independence Day holiday, office closed
12 10:00 a.m., 1:00 p.m., or 4:00 p.m., attend one,
Road Map to Retirement Information Sessions, CTPF office
21 9:30 a.m., Trustee Meeting, open to the public, CTPF office
August
18 9:30 a.m., Trustee Meeting, open to the public, CTPF office
10 10:00 a.m., 1:00 p.m., or 4:00 p.m., attend one,
Road Map to Retirement Information Sessions, CTPF office
September
5 Labor Day, CTPF office closed
15 9:30 a.m., Trustee Meeting, open to the public, CTPF office
30 5:00 p.m., completed nomination packets due to CTPF election coordinator
October
1 9:00 a.m.-12:00 p.m. Pension Representative Seminar, Crowne Plaza Hotel,
Chicago
10 Columbus Day, CTPF office closed
20 9:30 a.m., Trustee Meeting, open to the public, CTPF office
November
4 Teacher Trustee Elections conducted in schools.
Pensioner Trustee Election conducted by mail.
11 Veterans Day, CTPF office closed
17 9:30 a.m., Trustee Meeting, open to the public, CTPF office
24-25 Thanksgiving Holiday, CTPF office closed
December
8 9:30 a.m., Trustee Meeting, (tentative) open to the public, CTPF office
26 Christmas holiday observed, CTPF office closed |
CTPF MISSION STATEMENT
To provide, protect, and enhance the present and future economic well being of members, pensioners and beneficiaries through efficient and effective management of benefit programs, investment practices and customer service, and to commit to earning and keeping the respect and trust of the participants through quality service and by protecting retirement benefits, in compliance with applicable laws and standards.
CTPF BOARD OF TRUSTEES
John F. O'Brill, president
Maria J. Rodriguez, vice president
Walter E. Pilditch, financial secretary
Mary Sharon Reilly, recording secretary
Lois W. Ashford
Jeffery Blackwell
Alberto A. Carrero, Jr.
Peggy A. Davis
Jeanne Marie Freed
Chris N. Kotis
Jay C. Rehak
James F. Ward
Kevin B. Huber, executive director
Office/Mailing Information
Chicago Teachers' Pension Fund
203 North LaSalle Street, suite 2600
Chicago, Illinois 60601-1231
312.641.4464 p.
312.641.7185 f. |
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