CTPF Supports Conclusion of Bipartisan Think Tank CTBA: Tax Levy Diversion of 1990s, Chronic Underfunding of 2000s Created CTPF Financial Difficulty... Study demonstrates how CPS officials have been lying about the problems of the Chicago Teachers Pension Fund

The financial challenges facing the Chicago Teachers’ Pension Fund can be attributed to nearly 20 years of short-sighted decisions involving diverted tax levies and General Assembly-approved skipped or reduced contributions by Chicago Public Schools — . . .

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Chicago teachers pension fund expands investigation of charter schools that refuse to pay pension contributions for their certified teachers into the fund

The trustees of the Chicago Teachers Pension Fund at their February 21, 2013 meeting expanded the scope of their investigation into the city's charter schools. As previously reported, preliminary audits of the charter schools showed . . .

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Chicago Teachers Pension Fund (CTPF) trustee Bob Jurinek (above right) testifying before the November meeting of the fund's trustees about the refusal or failure of Chicago charter schools to pay their full and required amounts into the CTPF. At the Fund's February 2013 meeting, the trustees voted unanimously to do a full audit of all 120 charter schools and campuses. Substance photo by George N. Schmidt.

Is RTAC group planning to grab a fourth seat on Chicago teachers pension fund Board of Trustees?... RTAC Florida luncheon meeting features Walter Pilditch, pension trustee, reporting on Illinois pension challenges -- and 'other matters'

On February 19th 2013, my wife Marlene (a retired clerk) and I drove the 135 miles from Margate Florida to Estero Florida to attend the Southwest Retired Teachers Association of Chicago (RTAC) luncheon. I was . . .

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Chicago Teachers Pension Fund (CTPF) trustee Walter Pildicth at the October 2012 meeting of the trustees. Substance photo by George N. Schmidt.

The right of Illinois teachers to our pensions is as old as our system of laws!... Rockford Rep. tries to destroy Illinois teacher pensions with attempt to amend the Illinois Constitution

As those who have been following the pension fights in the Illinois General Assembly know, the attacks on public worker pensions have been escalating, behind a smokescreen of news and analysis that claims Illinois will . . .

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Right wing Republican State Rep. Joe Sosnowski (above) is trying to legislate away the constitutional right of Illinois teachers to their pensions.

Chicago Teachers Pension Fund trustees vote to drop investments in firearms companies that produce and sell 'assault weapons'

Trustees of the Chicago Teachers Pension Fund (CTPF) vote unanimously at their January 17, 2013 meeting to stop investments in corporations that manufacture and sell dangerous firearms. The vote came a month after the trustees . . .

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Chicago Teachers Pension Fund attorney Tiffany Reeves (center) explained the complexities of divestment from weapons manufacturers to the trustees at the January 17, 2013 meeting of the fund. Left to right above, Jay Rehak (teacher at Whitney Young High School and President of CTPF), Tiffany Reeves, and Tina Padilla (teacher at Lane Tech High School and trustee of the Fund). Substance photo by George N. Schmidt.

'Entitlements' are human rights!... Corporate media attacking health care for the elderly, pensions as part of propaganda attack on so-called 'entitlements'

For more than a decade, the ruling class has been trying to take away the pensions people earned during their working lives, and Social Security, the modest dollars that keep many older people from abject . . .

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In Florida it's standing room only at gun shows

It’s only a few weeks past the Sandy Hook school massacre in Connecticut, but down here in Florida it’s standing room only for admittance to local gun shows. While the federal government tries to find . . .

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Chicago teachers pension trustees to review investments in arms companies, beginning with Smith-Wesson

Trustees of the Chicago Teachers Pension Fund have begun a review of the fund's $10 billion investment portfolio with an eye towards divesting from corporations that manufacture and sell assault weapons and ammunition clips that . . .

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Above, CTPF Vice President Lois Ashford (left) chairs the committee meeting that discussed the pension fund's divesture of investments in companies that produce assault weapons and high capacity bullet magazine. Left to right: Lois Ashford, Jay Rehak, and Joe Burns. Substance photo by George N. Schmidt.

Retiree Ramblings for the holidays... Why are our computer help people in Romania this week?

Yesterday [December 19, 2012] while typing on line, my ability to utilize my computer suddenly stopped. I tried a number of corrections that worked in the past to no avail. I called AOL repair by . . .

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Medicare, Obama Care — or No Care... Everyone needs to be planning for a long life to make sure it's a happy and productive one

As a long time retiree I can just about remember my family's physician with his black bag making a house call. In those days it was not strange to have a grandparent living with you. . . .

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Retired teacher Lou Pyster was the lone public participation witness at the December 12, 2012 meeting of the trustees of the Chicago Teachers Pension Fund (CTPF). Substance photo by George N Schmidt.

RTAC explains pension lawsuit settlement

On December 7, 2012, the Retired Teachers Association of Chicago (RTAC) issued an analysis by James Ward of the lawsuit that was recently settled between the Chicago Teachers Pension Fund (CTPF) and the Chicago Board . . .

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Next major election Friday, when Jay Rehak and Lois Ashford are up for re-election to Chicago Teachers Pension Fund

CORE and other major groups of Chicago teachers are urging active duty teachers to re-elect Lois Ashford and Jay Rehak to a second term as trustees in the election to be held this Friday, November . . .

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Since their election to the Chicago Teachers Pension Fund (CTPF) trustees in October 2009, Lois Ashford (above left) and Jay Rehak (above second from left) have represented active duty teachers in the complex work of overseeing the fund. Above, at the October 2012 meeting of the trustees, Ashford and Rehak listen to a presentation on the implications of changes in Moody's ratings for the fund. Rehak is currently President of the trustees; Ashford is Vicre President. Substance photo by George N. Schmidt.

Retiree news... Retiree Ramblings

As an 83 yr old teacher retiree I was surprised when my grandchild asked me, who would win the presidential election? I quickly replied, “The winners are already in. With over one billion spent on . . .

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Pension fight explained to CTU retired teachers meeting

Kevin Huber, Executive Director of the Chicago Teachers Pension Fund (CTPF), spoke about what's ahead for teacher pensions, both at the Retired Teachers Association of Chicago (RTAC) luncheon on Tuesday, October 23, and the Chicago . . .

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HJRCA 49 -- Vote NO! on election day... House Joint Resolution Constitutional Amendment 49 Is an Attempt to Diminish the Rights and Benefits of Public Employees

By now, most of us know what the “Pension Clause” or Article XIII (General Provisions), Section 5 (Pension and Retirement Rights) of the Illinois Constitution states: “Membership in any pension or retirement system of the . . .

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Informational palm card being distributed by the CTU.

Pension trustees continue to deal with complex issues, while cleaning up some old problems

The trustees of the Chicago Teachers Pension Fund (CTPF) met for their monthly meeting on October 18, 2012, and worked through both complex problems facing Chicago teacher pensions in the face of corporate "pension reform," . . .

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Chicago Teachers Pension Fund trustees Lois Ashford (left) and Jay Rehak (center) listen to one of the reports at the October 18, 2012 meeting of the trustees of CTPF. On the right is attorney Joseph Burns. Substance photo by George N. Schmidt.

Candidates for teacher trustee positions on Chicago Teachers Pension Fund are certified... Active duty teachers to elect two trustees in November 9, 2012 election. Four candidates are in the race.

There will be four candidates on the ballot at the November 9, 2012 election for two teacher trustees of the Chicago Teachers Pension Fund. Incumbents Jay Rehak and Lois Ashford, who currently are serving as . . .

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Crain's promotes libertarian group's lurid pension exaggeration

Crain's reported the following on Greg Hinz's blog on June 20, 2012.






Illinois taxpayers owe $203 billion in unfunded retirement debt, report says
June 20, 2012
Print | . . .

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Ashford and Rehak to run for re-election... Chicago teachers pension fund to elect two teacher trustees November 9

The Chicago Teachers Pension Fund has announced that it will hold an election for two trustees to the CTPF board of trustees. The election will be held on November 9, 2012. Two incumbent teacher trustees, . . .

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Chicago Teachers Pension Fund trustees Lois Ashford (left) and Jay Rehak (right) are both teachers currently working in the classrooms of Chicago and completing their first three-year term as pension trustees. Ashford and Rehak were first elected in an upset in October 2009 and have been serving since then. Above, they are seen in action during the CTPF meeting of November 2011. Substance photo by George N. Schmidt.

Assumptions, Concerns and Questions Regarding the Illinois Teachers Retirement System’s Possible Insolvency and Conflicts

Executive Director Dick Ingram of the Teachers Retirement System of Illinois (TRS) includes a foreboding slide in his power-point presentation to his Town Hall audiences across the State of Illinois. It specifies (in case of . . .

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State Rep. Darlene Senger during the discussions of the pension working group on October 12, 2011. Substance photo by George N. Schmidt.