CTPF Pension E-News  

May 2013 Update          

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Take advantage of CTPF's social media presence to stay informed and up-to-date on important fund information.

Click here to go directly to CTPF's online registration page where you can register for e-mail updates.

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Snowbird Alert
Snowbirds  
Heading back from a warmer climate? If you're returning from a winter in the south, remember to update your address with CTPF.
E-Mail Archive
Click here for a complete listing of past E-Mail Updates and E-Lerts
 
Support CTPF Pensions
Take Action Now:
General Assembly MAY VOTE TODAY TO CUT CTPF FUNDING
The 98th General Assembly adjourns today and we expect the legislature to vote on a recently introduced measure granting CPS more funding relief through House Amendment #2 to SB 1920.

Details are just becoming available, but under the proposed legislation, the CPS contribution will be reduced to $350M in 2014 (from $612.7M) and $500M in 2015 (from $631.5). This amounts to more than $350M in relief for those two years.


Please e-mail or call legislators right now to let them know that CPS has already been granted $3.2 billion in funding "relief" and pension "holidays" since 1995. We can't afford to let CPS repeat their past mistakes.

Tell your legislators to VOTE NO on House Amendment #2 to SB 1920.


How? 

Click here to go to our Legislative Action Center (LAC) where you can easily send e-mail and find contact information to make a call. Click on the "SEND this E-Mail TODAY" link to get started.

We also have a "call alert" set up at the action center. After you send your e-mail, click on the call alert and either leave a message or speak to your elected representatives to reinforce the message.

It's not Too Late: E-MAIL OR CALL NOW
Right now! The 98th Legislative session ends at midnight. We have to share this message today.  
 
Improve Your Pension IQ
educate yourself
Pension FUNDamentals Webinar
Will be Offered June 6th  
A CTPF Pension is one of your most important financial assets. How much do you really know about your fund? CTPF will offer a Pension FUNDamentals educational webinar (online seminar) for members interested in improving their "Pension IQ," Thursday, June 6, at 4:00 p.m. The webinar will offer an overview of the current state of the fund, discuss challenges and opportunities, and review any issues or changes resulting from the 2013 General Assembly.

 
2013 Board of Trustees Elections  


Nomination packets for 2013 Board of Trustee Elections are now available.

This fall CTPF will hold elections for:  

teal bullet Two Teacher Trustees to serve from November 2013-2016

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One Principal/Administrator Trustee to serve from November 2013-2016 

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Three Pensioner Trustees to serve from November 2013-2015

 

Elections 
Elections for the Principal/Administrator and Pensioner Trustees will be conducted by mail. The results will be tabulated on November 8, 2013.

The Teacher Trustee Election will be conducted in schools and at other designated polling places. Two options will be offered for teacher voting, online or paper ballot.

CTPF debuted online voting during the 2012 election, and the program will be expanded for 2013. More information about online voting and the election date will be available this fall.

The election date will be published in the CTPF E-News, posted on the website, and faxed to all schools.


Candidate Eligibility

Teacher Trustee 

A candidate for Teacher Trustee must be a current contributor, hold an Illinois state teaching certificate, and must have been employed in the Chicago Public Schools or charter schools a minimum of 10 years

 

Principal/Administrator Trustee 

A candidate for Principal/Administrator Trustee must be a current contributor:     

teal bullet

employed in a position that requires a Type 75 Certificate issued by the State Teacher Certification Board,     

teal bullet not on the Chicago teachers' or the Chicago charter school teachers' salary schedule, or     

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paid on an administrative payroll

 

Pensioner Trustee

A candidate for Pensioner Trustee must be a service or disability pensioner receiving a monthly pension payment from CTPF.

 

Nomination Packets

Members interested in running for office should contact the CTPF Election Team at 312.604.1400 ext. 132 or 169 to request a nomination packet. Candidate eligibility will be verified before the packet can be issued. Completed nomination packets must be returned by 5:00 p.m., Tuesday, October 1, 2013.

  

Additional Information

Election questions may be directed to the CTPF Election Team at 312.604.1400 ext. 132 or 169.   

Ready to plunge into retirement?

Planning Your June Retirement..... 
The clock is ticking and the end of the year is only a few weeks away. If you still plan to retire but haven't yet started the process, please call Member Services today to get started. You can also: 
 
  1. Visit the new retirement readiness website and review the retirement check list.
  2. Call and request a pension estimate from Member Services, 312.641.4464.   
  3. Schedule a personal benefits consultation with a pension resource specialist. Specialists meet with members in
    45 minute, pre-scheduled retirement consultations, available Monday - Friday from 8:00 a.m.-4:00 p.m. These meetings offer the opportunity to discuss your retirement situation in depth. You should plan to bring a list of questions and relevant career information. Call Member Services, 312.641.4464 to schedule your appointment.  
  4. Download the retirement application and begin reviewing the forms and gathering the required documentation.
  5. Make sure you "like" us on Facebook and are signed up for e-mail updates. Stay in touch!

Retirement Readiness Website

Your Pension Matters
Become a CTPF Ambassador and Share the Message
Fund Ambassador

A lack of State and Employer funding has drained resources from our fund.
Pension Fund Ambassadors are working to speak up and reach out to help Illinois legislators understand that pension funding is vital, not optional.

CTPF Ambassador
The Pension Fund Ambassador program encourages our members to educate lawmakers and decision makers about the Chicago Teachers' Pension Fund and the fund's legislative priorities. Legislators must hear the facts about the fund straight from our members. Ambassadors are already having an impact, sharing our message with legislators through our legislative action center and in person.

Join Today

More than 800 CTPF members have already signed up for the program and we're hoping to welcome many more members. 

bulletClick here to register at our new Legislative Action Center and you will automatically be enrolled as an ambassador.  

Resources for Ambassadors 

Before you can educate our legislators, you will need to become informed about our fund and our legislative priories.

Click here to download our member education sheet. 

 

We encourage all ambassadors to get out and meet legislators while they are in their home offices. Click here for an information sheet  that you can leave with a legislator after a meeting.

 

Need more information about your legislators? Click here to go to our legislative action center where you can look up your state representatives and senators, track legislation, and send e-mail to your legislators.  

 

Visit our education and advocacy page to download an information sheet about your state senator and state representative.  

 

Tell a Friend

We encourage you to tell a friend about our programs and to encourage them to participate.

Planning to Visit? Plan ahead... 
MAP

If you are planning a visit to CTPF to meet with a Member Services Counselor, it's always a good idea to schedule an appointment. Scheduled appointments with Pension Resource Specialists are available Monday through Friday from 8:00 a.m. - 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. Walk-in visitors cannot be accommodated after 3:00 p.m.

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. Garage entries are located on Lake Street between LaSalle Street and Clark Street and on Clark Street between Wacker Drive and Lake Street (look for self-park signs at entrances). Reduced parking vouchers, available from the CTPF office, can be bought for $15, (check only, no cash).

 

The 203 North LaSalle building has direct access to the CTA. The CTA's blue, green, brown, pink, purple, and orange lines all stop at Clark and Lake. Follow the signs to the 203 North LaSalle building when you exit the train. The CTA's red line stops at nearby State and Lake.   

CTPF Calendar April 2012

CALENDAR 

CALENDAR

Trustee meetings, held in the CTPF office, are open to the public. Please confirm meeting times/dates at www.ctpf.org.

June
15    PENSION REP EVENT CANCELLED: RESCHEDULED FOR SEPTEMBER 7
20    9:30 a.m., trustee meeting

July
4    Independence Day observed, office closed
25    9:30 a.m., trustee meeting

August
15    9:30 a.m., trustee meeting

September
2    Labor Day, office closed
7   Pension Representative Seminar (rescheduled) at University Center
19    9:30 a.m., trustee meeting

October
1    5:00 p.m., election nomination petitions due to CTPF
14    Columbus Day, office closed
17    9:30 a.m., trustee meeting

November
8    2013 Principal/Administrator and Retiree Trustee election
11    Veterans Day, office closed
21    9:30 a.m., trustee meeting
28-29    Thanksgiving holiday, 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
Jay C. Rehak, president
Lois W. Ashford, vice president
Tina Padilla, financial secretary
Raymond Wohl, recording secretary
Carlos M. Azcoitia
Jeffery Blackwell
Jeanne Marie Freed
Walter E. Pilditch  
Mary Sharon Reilly
Jerry Travlos
James F. Ward
Andrea L. Zopp
 
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.