The Chicago Teachers' Pension Fund (CTPF) is a defined benefit pension plan that provides retirement, disability, and survivor benefits to eligible Chicago Public Schools (CPS) teachers and administrators. The CTPF is one of the largest pension funds in the United States, serving over 62,000 active and retired members and managing over $11 billion in assets.
The CTPF is funded through a combination of member contributions, CPS contributions, and investment returns. Members of the CTPF contribute a portion of their salary towards their pension, while CPS makes additional contributions on behalf of its employees. The CTPF also invests its assets in a diversified portfolio of stocks, bonds, real estate, and other assets in order to generate investment returns.
To be eligible for benefits under the CTPF, members must meet certain service and age requirements. Currently, members are eligible for retirement benefits after 35 years of service, or at age 65 with at least 10 years of service. The amount of the pension benefit is based on a formula that takes into account the member's salary, years of service, and other factors.
Overall, the Chicago Teachers' Pension Fund is an important financial resource for eligible CPS teachers and administrators, providing retirement security and other benefits to thousands of active and retired educators in the Chicago area.
- Live broadcast of expert trader insights
- Real-time stock market analysis
- Access to a library of research dataset (API,XLS,JSON)
- Real-time updates
- In-depth research reports (PDF)