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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.
CTPF online
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CTPF January E-NEWS:
Quick Look
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Click on the links for more information.
Now is the time to prepare. Get the big picture at a CTPF Retirement Seminar. Registration now open.
Click on the link above for the pension payment schedule for 2015.
News Briefs
News updates and important fund information.
A recap of important events from now through April.
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CTPF Executive Director Resigns
Longtime CTPF Executive Director Kevin B. Huber  resigned from the fund effective December 31, 2014. Huber joined the fund as Chief Financial Officer in 1999, and was promoted to Executive Director in 2005. He had been on medical leave since May 2014.
"Our Trustees thank Mr. Huber for the outstanding leadership and guidance he has provided our fund during the past 16 years. As CFO and then as Executive Director, he has worked tirelessly on behalf of our members and our staff, and has set a high standard for our fund," said Jay C. Rehak, president of the CTPF Board of Trustees. "He brought a rare combination of professional and interpersonal skills to this position and we will miss him greatly."
The Board of Directors has initiated a national search for candidates to fill Huber's position, and is working with executive search firm EFL Associates. The fund's current Interim Executive Director, Peter A. Driscoll, will stay on with the fund through March 31, 2015, to ensure a smooth transition.
Federal Pension Law Does Not Impact CTPF Members
The 1 trillion spending bill designed to keep the federal government operating, signed into law on Dec. 16, 2014, includes a provision allowing private companies to reduce pensions for retired workers. This legislation does not affect CTPF and only applies to troubled pensions in the private sector.
 CTPF Releases 2014 CAFR
The CTPF Board of Trustees released the 2014 Comprehensive Annual Financial Report during their December 11, 2014, meeting. The CAFR is prepared by fund staff, reviewed by the fund's independent auditor, and includes detailed investment, actuarial and statistical information about the Fund for the fiscal year ended June 30, 2014. Click here to download the CAFR.
Popular Report
The fund is also preparing a consolidated version of the CAFR in the form of a Popular Annual Financial Report. The PAFR includes essential financial information for the 2014 fiscal year. A copy of the PAFR will be distributed to all members in January.
New Member Information Sheets Available
The fund recently completed an overhaul of publications for members, replacing trifold brochures with 8.5 x 11 sized information sheets, designed to be easily downloaded and printed. The individual information sheets cover topics of:
New Insurance Rates Now in Effect
Retirees may notice a difference in their paychecks beginning with their January deposits. The 3% Cost of Living Increase has been implemented for members who qualify. In addition, the health insurance premium rebate has been decreased from 60% to 50%.
Members who use direct deposit can find payment details on the deposit advice which was mailed with January deposits. Members who receive paper checks can find deposit advice on their check stub.
Health Insurance Rates
Click here for 2015 health insurance rates for non-Medicare plans
Click here for 2015 health insurance rates for Medicare plans
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CTPF 2015 Retirement Seminars
If you're considering retirement in 2015, please join us for a CTPF retirement seminar. The seminars provide a one-stop shop for retirement information including a general overview of the retirement process, assistance completing forms, and free copy and notary services.
Representatives from CTPF's Member Services Department, the Social Security Administration, and financial services firms will also be available to answer individual questions. Seminars will be held:
February 16, 2015
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9:00 a.m. or 1:00 p.m. (attend one)
Hilton Chicago/Oak Lawn
ballroom
9333 South Cicero Avenue,
Oak Lawn
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9:00 a.m.
Thompson Center Auditorium, lower level
100 West Randolph Street, Chicago
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Retirement Seminar Registration is now open. Registration is required and seating is limited,
Preparing for Retirement
The sooner you get started, the easier the retirement process will be. Here are three steps you can take right now:
- Visit the retirement readiness website at members.ctpf.org. This site features tools to help you prepare for retirement, including a downloadable retirement application and helpful checklists.
- Organize your required documentation and request any missing vital records. The application, available here, includes a list of required documentation.
- Register your personal e-mail with CTPF. Your CPS e-mail address will terminate when you retire so it's important to share your personal e-mail to stay in touch. Click here to register.
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REGISTER TODAY:
February Webinar
February 25, 2015, 4:30 - 5:30 p.m.
The Buck Stays Here:
CTPF Members Making an (Economic) Impact
This webinar will offer an overview of the fund and focus on the economic impact CTPF Members have on the economy in the City of Chicago and State of Illinois. Click here to register.
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2015 CALENDAR
Trustee meetings, held in the CTPF office, are open to the public.
Please confirm meeting times/dates at www.ctpf.org.
19
Martin Luther King Jr. Day, office closed
29
9:30 a.m., CTPF Board of Trustees Meeting
February
12
Lincoln's Birthday, office closed
16
9:00 a.m. or 1:00 p.m. (choose one)
CTPF Retirement Seminar, Hilton Chicago/Oak Lawn
9333 South Cicero Avenue, Oak Lawn. Click here to register.
16
President's Day, office closed
19
9:30 a.m., CTPF Board of Trustees Meeting
25
4:30 - 5:30 p.m., CTPF Webinar: 2015 Economic Impact Statement.
Click here to register.
March
2
Casimir Pulaski Day, office closed
19
9:30 a.m., CTPF Board of Trustees Meeting
April
7
9:00 a.m.
CTPF Retirement Seminar, Thompson Center Auditorium, lower level, 100 West Randolph Street, Chicago. Click here to register.
23
9:30 a.m., CTPF Board of Trustees Meeting
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