Chicago board of education pension fund
[PDF File]October 27, 2021 RESOLUTION REAPPOINT DWAYNE TRUSS TO THE ...
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Pension and Retirement Fund of the City of Chicago (“CTPF”) as one of the Board of Education of the City of Chicago’s members to the CTPF Board. 2. The reappointment of Board member Truss is effective November 1, 2021 and shall terminate on October 31, 2023. Author:
[PDF File]Illinois Official Reports
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of Chicago (City) or Chicago Board of Education. These individual plaintiffs are all participants1 in one of three public pension funds—the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (LABF), the Municipal Employees’
[PDF File]MUNICIPAL EMPLOYEES’ ANNUITY AND BENEFIT FUND OF CHICAGO
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The Municipal Employees’ Annuity and Benefit Fund of Chicago (the “Fund”) administers disability benefits provided by Chapter 40 Act 51 of the Illinois Compiled Statutes (the “Pension Code”) to active members of the Fund employed by the City of Chicago, the Chicago Board of Education, or the Fund (“Participants”).
[PDF File]Board of Education City of Chicago - News | WTTW Chicago
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FY 14A fund balance (note 1) Revenue Salaries & pension pickup Health care Pension - non UAAL (note 2) Other operating Debt service from GSA Pension - UAAL FY 20P fund balance s) Even if CPS were to receive a UAAL pension holiday for the next five years, CPS could still have a ~$2.4 billion accumulated deficit by FY 20
[PDF File]Letter Bill 0. - ILGA
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by the Chicago Board of Education for the purpose of making an employer contribution to the Public School Teachers' Pension and Retirement Fund of Chicago, at the rate of 0.26%; requires the proceeds from this separate tax to be paid directly to the Pension Fund. Makes a corresponding reduction in
[PDF File]Letter Bill 0.
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Pension and Retirement Fund of Chicago and not to the Board of Education. The rate under this paragraph is not a new rate for the purposes of the Property Tax Extension Limitation Law. Notwithstanding any other provision of law, for the 2017 2016 tax year only, the board shall certify the rate to the county
[PDF File]Kathleen Cleary Powers
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pension fund has received due to the censures and reprimand of four trustees. It is time for a change. I would like to receive your support in my campaign to run as a retiree pension trustee for the Chicago Teachers’ Pension Fund. I am very concerned about my pension, especially the funding level, insurance subsidy and the cost of living raise.
[PDF File]ILLINOIS OFFICIAL REPORTS
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Board of Education of the City of Chicago, 2012 IL App (1st) 112756 Appellate Court Caption THE BOARD OF TRUSTEES OF THE PUBLIC SCHOOL TEACHERS’ PENSION AND RETIREMENT FUND OF CHICAGO, Plaintiff-Appellant, v. THE BOARD OF EDUCATION OF THE CITY OF CHICAGO, and MARY B. RICHARDSON-LOWRY, Defendants-Appellees. District & No.
[PDF File]9 CITY OF CHICAGO 9
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9 CALUMET HEIGHTS 9 CHATHAM 9 CHICAGO LAWN 9 CLEARING 9 DOUGLAS 9 DUNNING 9 EAST GARFIELD ... year increase to the City-required pension contribution in recent history. Despite these challenges, my team and I ... Legislative and Elections Board of Election Commissioners
[PDF File]FACT-FINDING REPORT FACT-FINDER: STEVEN M. BIERIG EMPLOYER ...
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Pension and Retirement Fund of Chicago and the Municipal Employees’, Officers’ and Officials’ Annuity and Benefit Fund, or as provided under the laws governing the above two pension funds. Article 36-4.3 Indemnification The BOARD does not warrant that the payments made by the BOARD for the employees as set
[PDF File]CHICAGO PUBLIC SCHOOLS FY2020 PROPOSED BUDGET: Analysis ...
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The Chicago Teachers’ Pension Fund was 47.9% funded on an actuarial basis as of June 30, 2018, compared to 73.6% funded ten years prior. The Pension Fund had an Unfunded Actuarial Accrued Liability of $12.0 billion as of June 30, 2018, compared to $4.1 billion ten years prior.
[PDF File]Public School Teachers' Pension and Retirement Fund of Chicago
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Board of Trustees Public School Teachers' Pension and Retirement Fund of Chicago . 203 North LaSalle Street, Suite 2600 . Chicago, Illinois 60601 . Re: Public School Teachers' Pension and Retirement Fund of Chicago Actuarial Valuation as of . June 30, 2019 . Dear Members of the Board:
[PDF File]09/21/2017 RECORD OF PROCEEDINGS ... - Chicago Park Pension
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The Executive Director presented to the Trustees the Tax Levy Requirement Letter to the Chicago Park District Board of Commissioners for 2018. He noted that the letter, as prescribed in the Illinois Pension Code, indicates the annual Actuarially Determined Contribution as determined by the Fund’s Actuary.
[PDF File]FULL REFUND OF ANNUITY CONTRIBUTIONS
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For a City of Chicago employee, the taxable amount would include interest paid by the Fund, plus all pension contributions deducted after 1981. For a Board of Education employee, the taxable amount of the refund would include the interest paid by the Fund, plus the 7% “Pension Pick-up” amounts paid by the Board of Education and the
[PDF File]COMMISSION ON GOVERNMENT FORECASTING AND ACCOUNTABILITY
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This bill effectively gives the Chicago Board of Ed a two-year, $368.4 million pension funding reprieve for the Chicago Teachers Pension Fund. SUBJECT MATTER: SB 1920, as amended by HA 2, provides the Chicago Board of Education with a two-year funding reprieve for the Chicago Teacher Pension Fund. The bill pushes back by two years also the date ...
[PDF File]PUBLIC SCHOOL TEACHERS’ PENSION AND RETIREMENT FUND OF ...
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The Fund is governed by a 12member Board of Trustees- 6 elected by teacher : contributors, 3 elected by annuitants, 1 elected by the principal and administrator contributors, and 2 appointed by the primary employer, the Chicago Board of Education.
[PDF File]COMMISSION ON GOVERNMENT FORECASTING AND ACCOUNTABILITY
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Under the Chicago Teachers’ Article of the Pension Code, the Chicago Board of Education can either “pick up” employee contributions on behalf of Chicago teachers, or make the employee contributions for the members. As previously explained, an employer “pick up” is a mechanism whereby the employee contributions are tax deferred. If the
[PDF File]Finding a Lost Pension - Pension Benefit Guaranty Corporation
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Internal Revenue Service (IRS) regulates pension plans for tax purposes. Finally, the Pension Benefit Guaranty Corporation insures private defined benefit pension plans, to make sure that workers are not deprived of their accumulated benefits when a plan terminates (see page 12 for more information on PBGC).
[PDF File]STATE EMPLOYEES' RETIREMENT SYSTEM OF ILLINOIS
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had lost the Chicago Teachers’ Pension Fund to a competitive bid, but noted the clients listed in the presentation that had all been gained in the last eight years. Comptroller Mendoza opened the floor to questions from members of the Board. No fur-ther questions were offered.
[PDF File]Appendix E Glossary - Chicago Public Schools
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Chicago Board of Education. Chicago Teacher Pension Fund (CTPF): The pension fund for Chicago teachers, principals, and administrative staff with teaching certificates. Teachers, principals, and administrative staff in the rest of the state belong to the Illinois Teacher Retirement System (TRS).
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