Bill > HR0079

This resolution congratulates the Chicago Teachers' Pension Fund (CTPF), a pioneering pension system established in 1895 as the first teachers' pension system in Illinois and the second in the nation, on its 130th anniversary. The resolution highlights the Fund's significant historical achievements, including its early struggles with funding, its transformation under social reformer Jane Addams, and its current robust financial status with over $12 billion in diversified assets and an impressive 35-year investment return rate of 8.34%. CTPF has grown from 8,000 initial members to more than 96,000 total members, including nearly 33,000 active members and 27,350 annuitants, and has been recognized for its transparent financial management and commitment to diversity by investing 51.9% of its assets with Minorities, Women, and Disadvantaged-Owned Business Enterprises (MWDBE). The resolution commends the Fund for weathering historic challenges, providing financial security for educators, and maintaining a mission focused on protecting and enhancing the economic well-being of its members, and formally congratulates the organization, thanking it for its distinguished service to its members and the citizens of Illinois while wishing it continued success in the decades to come.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=79&GAID=18&DocTypeID=HR&SessionID=114&GA=104