CTPF Pension E-News

May 2011 Update

IN THIS ISSUE
Benefits Available for Parties to Civil Unions
Road Map to Retirement Seminars
Legislative Update
Pension Payment Schedule
Visiting CTPF
CTPF Calendar
  

 

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

birds

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.

 

 

 

Calling all Pension Reps!

 

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.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senate Bill 512 Stalled.... 

Legislative leaders issue statement indicating Pension Reform legislation is on hold until fall

legislation

CTPF members scored a small victory in the battle against Senate Bill 512, which would change pension benefits going forward for current employees. It appears that the bill and its amendment will not be put for a vote during this legislative session. Find a summary of the amendment to SB512 here.

 

Illinois House Speaker Michael J. Madigan and Illinois House Republican Leader Tom Cross issued a joint statement indicating that they will not call the bill this legislative session. Instead, they plan to work over the summer to develop support for a pension reform bill.

 

CTPF opposed the most recent version of the bill which shifted additional cost to employees while failing to guarantee that employers would contribute to the pension system. 

 

Your phone calls are making a difference. Legislators reportedly received a record number of calls from constituents during the past few weeks. The flood of calls has undoubtedly helped to slow down the pension "reform" legislation. 

 
CTPF Benefits Available to Parties to Civil Unions

Effective June 1, 2011, all pension benefits previously made available to a married person and his or her spouse, are now benefits available to the parties to a civil union. Parties to a civil union may be same- or opposite-sex couples.

 

CTPF has offered health insurance to domestic partners and their dependents for many years, but the changes to Illinois law will entitle parties to a registered civil union to all the benefits of married couples. These benefits include surviving spouse pensions and the right to continue health insurance following the death of a qualified member.

 

Publications will be reprinted as needed, and this change will be included in CTPF publications and information printed after June 1, 2011.

 

Click here to read CTPF's Civil Union notice.  

2011 CTPF Board of Trustee Elections will be held November 4  

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.

 
 
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.

 

Click here for additional election information including eligibility and nomination packet information.  

 

 

Trustee elections 


 

Considering Retirement in 2012, 2013, 2014, or 2015? Plan now for the road ahead....  

Roadmap to Retirement 

There is still time to 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 and are now being accepted. Call 312.641.4464 to register. See below for parking and transit information.

Springfield


 

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.

Reject Senate Bill 512

CTPF encourages its members to contact their legislators and the state's legislative leadership to encourage them to reject Senate Bill 512. An amendment to the bill calls for major changes in pensions for current employees. The bill appears to be on hold until the fall veto session, but it's critical that lawmakers continue to hear from their constituents. Please consider calling, faxing, or visiting your legislators' home offices over the summer and ask your elected officials to support, not cut, pensions for Chicago's teachers.

The bill does not call for changes to pensions for current retirees.

 

 

PaymentPension Payment Schedule 

The schedule for mailing checks/direct deposit advices and the date for posting direct deposits can be found by clicking here.

 direct deposit

Visiting CTPF
MAP

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.


CTPF Calendar

CALENDARCALENDAR

CTPF election nomination packets were made available from Member Services beginning May 1. Packets must be returned by September 30 to the CTPF election coordinator.

 

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


10   10:00 a.m., 1:00 p.m., or 4:00 p.m., attend one,
        Road Map to Retirement Information Sessions, CTPF office

18     9:30 a.m., Trustee Meeting, open to the public, 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.