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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 March E-NEWS:
Quick Look
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Click on the links for more information.
Charles A. Burbridge will join CTPF on March 16, 2015.
CTPF releases its 2015 Economic Impact Statement
A series of Ambassador seminars will be offered this spring at local CPS schools. There's still time to register for our April 7, 2015, retirement seminar.
A look at events and programming.
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CTPF Names Charles A. Burbridge
Executive Director
The Chicago Teachers' Pension Fund (CTPF) Board of Trustees today announced Charles A. Burbridge as the new executive director of the $10.9 billion pension fund. Mr. Burbridge's appointment will become effective on March 16, 2015.
"Our trustees are confident Mr. Burbridge's extensive, senior-level financial experience in both the public and private sectors will be a valuable asset to the fund going forward," said Jay C. Rehak, president of the CTPF Board of Trustees. "In addition, Chuck's leadership and strong background working in Chicago and Illinois will help us navigate the many challenges and opportunities facing CTPF in the current pension fund environment."
"I'm excited to be leading the Chicago Teachers' Pension Fund into its next chapter," said Mr. Burbridge, the incoming executive director of the Chicago Teachers' Pension Fund. "For more than 100 years the fund has been a key part of Chicago and the education community. I look forward to serving our 63,000 members and working with the trustees and the staff to ensure that our pension plan's funding gets back on track, so we are able to deliver on the promise made to our members."
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. Mr. Burbridge succeeds Kevin B. Huber, who resigned from CTPF effective December 31, 2014.
Read the complete press release about Mr. Burbridge's appointment here.
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CTPF Releases 2015 Economic Impact Statement
CHICAGO - March 5, 2015 - The Chicago Teachers' Pension Fund (CTPF) today announced the release of its 2015 Economic Impact Survey. CTPF made $1.2 billion in direct payments to beneficiaries living in Illinois in 2014. Those payments had a $1.7 billion impact on the Illinois economy supporting 12,628 jobs in the state.
The Buck Stays Here: Understanding the Economic Impact of CTPF Benefit Payments on the State of Illinois and the City of Chicago is produced annually and details the Fund's impact on the state of Illinois, the city of Chicago, and each Illinois legislative district.
"This report is a snapshot into just how important the Fund is to not just the city of Chicago, but the entire state," said Jay C. Rehak, president of the CTPF Board of Trustees. "Our members live in every single legislative district in Illinois and they eat at local diners, shop at local retailers, and ultimately, put their hard-earned retirement dollars back into the state's economy."
The report also found that 85 percent of the CTPF's 27,700+ beneficiaries who collect a pension stay in the state of Illinois with nearly half of that number continuing to call Chicago home. The beneficiaries residing in Chicago are responsible for approximately $864 million in total economic impact and support 6,459 jobs across the city.
The study used standard economic multipliers from the U.S. Department of Commerce Bureau of Economic Analysis to assess the economic impact of spending by CTPF beneficiaries.
Click here to view the full report.
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You're Making an Impact
Find out how to share important information about your pension with your local legislators.
A CTPF pension is one of your most important financial assets,
but pensions also have an important impact on the economy of our city and state.
Please join us at a CTPF Pension Fund Ambassador Seminar to learn more about the economic importance of pensions and how you can protect this important asset. Seminars will be held:
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March 5
3:45 - 5:30 p.m.
Steinmetz College Prep
High School
3030 North Mobile Ave.,
Chicago, IL 60634
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March 10
4:00 - 5:30 p.m.
Sandoval School
5534 South Saint Louis Ave.,
Chicago, IL 60629
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March 12
4:00-5:30 p.m.
Chicago Agricultural
High School
3857 W 111th St.,
Chicago, IL 60655
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March 17
4:00-5:30 p.m.
Gillespie School
9301 South State St.,
Chicago, IL 60619
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March 18
4:00-5:30
Whitney Young
High School
211 S Laflin St.,
Chicago, IL 60607
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March 26
4:00 - 5:30 p.m.
George Washington
High School
3611 E 114th St.,
Chicago, IL 60617
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April 2
4:00-5:30 p.m.
Lane Technical
High School
2501 W Addison St.,
Chicago, IL 60618
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During the presentations, Jackie Umbles, CTPF Communications Specialist will:
- discuss the the 2015 Economic Impact of Pensions,
The Buck Stays Here
- offer an overview of the fund, and
- explain how to protect your pension through the Pension Fund Ambassador Program.
Register Today
Seating is limited to register today. Click here to register.
Need more information? E-mail ambassadors@ctpf.org.
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Register for CTPF's April Retirement Seminar
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.
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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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Register today.
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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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.
March
10
4:00 - 5:30 p.m., Ambassador Seminar: Economic Impact, Sandoval School, 5534 S Saint Louis Ave., Chicago, IL 60629, click here to register.
12
4:00-5:30 p.m., Ambassador Seminar: Economic Impact, Chicago Agricultural High School, 3857 W 111th St., Chicago, IL 60655, click here to register.
17
4:00-5:30 p.m., Ambassador Seminar: Economic Impact, Gillespie School, 9301 S State St., Chicago, IL 60619, click here to register.
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4:00-5:30, Ambassador Seminar: Economic Impact, Whitney Young High School, 211 S Laflin St., Chicago, IL 60607, click here to register.
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9:30 a.m., CTPF Board of Trustees Meeting
26
4:00 - 5:30 p.m., Ambassador Seminar: Economic Impact, George Washington High School, 3611 E 114th St., Chicago, IL 60617, click here to register
April
2
4:00-5:30 p.m., Ambassador Seminar: Economic Impact, Lane Technical High School, 2501 W Addison St., Chicago, IL 60618, click here to register.
7
9:00 a.m.
CTPF Retirement Seminar, Thompson Center Auditorium, lower level, 100 West Randolph Street, Chicago. Click here to register.
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9:30 a.m., CTPF Board of Trustees Meeting
May
1
Nomination packets available for November 6, 2015, CTPF Teacher and Pensioner Trustee Elections.
21
9:30 a.m., CTPF Board of Trustees Meeting
25
Memorial Day holiday, office closed
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