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Connect with us on Facebook
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 February 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 still available.
Click on the link above for the pension payment schedule for 2015.
News Briefs
News updates and important fund information.
CTPF pensions have a major impact on the Illinois economy. Find out more at our webinar on February 25.
A look at events and programming through May.
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2014 Popular Report Available
CTPF has prepared a consolidated version of its Comprehensive Annual Financial Report (CAFR) in the form of a Popular Annual Financial Report. The PAFR includes essential financial information for the 2014 fiscal year.
The PAFR was distributed to all schools and mailed to retirees and citywide members with a copy of the Winter newsletter on January 30. Click here to view the document online.
New Member Information Sheets Now Online
CTPF has recently updated its member information library and two additional information sheets, focusing on reciprocity and information for members new to the fund have been posted at www.ctpf.org.
Information for New CTPF Members
If you're at the beginning of your career, it may be hard to picture yourself retired. Yet, planning for retirement should begin the first day of employment. This sheet provides an overview of your retirement benefits.
Click here for information on reciprocity and retirement.
CTPF mailed Federal 1099R forms on Friday, January 30. The forms are sent to the permanent home address that on file in the CTPF system. If you are out of town and your mail is being forwarded, your 1099 will be sent back to CTPF. If you do not receive your 1099 within 2 weeks, please contact Member Services.
Snowbird Reminder
CTPF does not forward pension checks or tax documents. If you have traveled to a warmer destination for the winter, don't forget to file a temporary change of address form with CTPF. Click here for a copy of the change of address form. Complete the form, marking the temporary address box and indicate the dates you will be at a different address. Return the completed form to CTPF.
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CTPF 2015 Retirement Seminars
If you're considering retirement in 2015, there is still time to sign up for a 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. February 16 is full, but space is still available for the April 7th seminar:
| April 7, 2015
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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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Retirement Considerations
Do You have Service Credit in Another Illinois Public Pension System?
The Illinois Retirement Systems Reciprocal Act (Reciprocal Act) gives retiring Illinois public employees the option to combine service credit earned in all Illinois public retirement systems (except local police and fire pension funds).
The Chicago Teachers' Pension Fund (CTPF) is one of the 13 Illinois public retirement systems covered by the Reciprocal Act.
If you elect to retire under the provisions of the Reciprocal Act, your service from all covered systems is combined upon retirement. The total combined service credit is then used to determine your eligibility for pension benefits from each system and the amount of those benefits.
Reciprocity is not mandatory. If you choose to use the provisions of the Reciprocal Act, the systems exchange information to determine your pension benefits.
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REGISTER TODAY:
February Webinar
CTPF will offer an online 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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Planning to Visit? Plan ahead...
If you are planning a visit to CTPF to meet with Pension Resource Specialist (PRS), it's always a good idea to schedule an appointment. Scheduled appointments 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. 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 $18, (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.
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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.
February
12
Lincoln's Birthday, office closed
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
May
1
Nomination packets for 2015 Trustee elections available
21
9:30 a.m., CTPF Board of Trustees Meeting
25
Memorial Day holiday, office closed
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