2021 teacher trustee election

2021 Teacher Trustee ElectionOverview of 2021 Election for CTPF Pension Representatives

Introduction

Gail Davis, Election Coordinator

Contact:

[email protected]

Carlton W. Lenoir, Sr.Executive Director

Contact:

[email protected]

ELECTION WEBINAR | 2

Today’s Agenda

▪ Executive Director Introduction and CTPF Overview

▪ Role of CTPF Trustees

▪ 2021 Election Process

▪ Role of Pension Rep in 2021 Election Process

▪ Pension Rep Election Stipends

▪ Q & A


Overview of Fund Operations

TOWN HALL WEBINAR

CTPF at a Glance

One of 646 public pensions in IllinoisOldest in Illinois (1895)

30,091Active members

28,015Annuitants

21,260Unvested terminated members

Serves Chicago’s public/ charter/contract school teachers, administrators, certified personnel and CTPF staff

Membership includes more than 89,000 members:

10,024Vested terminated members

Total Assets$13.1 Billion

Total Benefits$1.5 Billion

Governance12 Trustees

10 Elected2 Appointed by Board of Education


Coronavirus Impact

▪ Regular payments for annuitants have proceeded as scheduled.

▪ All CTPF employees have laptop computers and have been operating remotely.

▪ CTPF has increased communications to members, sending publications to home addresses instead of schools, and sending Enews twice a month.

▪ The Board of Trustees continues to conduct the business of the Fund with public meetings using Zoom technology and will continue to do so as allowed by the OMA.

▪ Education and training has been moved to webinars, which has resulted in increased access by members.


Coronavirus Impact

CTPF OFFICE CLOSED TO VISITORS

CTPF is committed to doing our part to stop the spread of COVID-19. For the health, safety, and wellbeing of all CTPF Members, the Fund continues to deliver all member services remotely.

If you have a question or issue:Call Member Services at 312.641.4464 with questions. CTPF offers phone and videoconference counseling.

Email Member Services at [email protected] with questions and you'll receive a response.

Best way to submit documents is by Fax 312.641.7185 or email .PDF or .JPG to [email protected].


mailto:[email protected]


Financial Update

TOWN HALL WEBINAR


2021 Financial UpdateC + I = B + E

In addition to revenue from investments, CTPF now receives contributions from four major sources: the State of Illinois, a tax levy, CPS, and employees. CTPF has received approximately $863.4 million in revenue as of June 30, 2021, including:

▪ $305.6 million in property tax receipts

▪ $266.9 million from the State of Illinois

▪ $211.9 million fromemployee contributions

▪ $79.0 million from the Chicago Board of Education (CPS)*

*The Board of Education has a balance due of $234.4 million is expected to be paid from the property tax levy and received by December 31, 2021

Employees Employer Stateof Illinois Property Tax


Investment Overview

▪ There will likely be continued uncertainty moving forward as we navigate uncharted territory.

▪ CTPF has a strong well-structured portfolio designed to weather long-term losses.

▪ We hire managers and are not stock traders. We invest in relationships with vendors who will fulfill our policy.

▪ We do not make reactionary decisions; but are disciplined long-term investors.

C + I = B + E


CTPF OverviewC + I = B + E

8

Total Assets as of June 30, 2021: $13.1 billion

Investment Assumption: 6.5%

Fiscal Year

2021

Last 3 Years

Last 5 Years

Last 10 Years

Last 25 Years

Since Inception

(1/91)

CTPF 28.68% 12.17% 11.68% 9.18% 7.97% 8.72%

Benchmark 27.03% 11.82% 11.36% 8.88% 7.58% 8.42%


Historic Fund ValueC + I = B + E

CTPF Fund Values 1987-2021CTPF closed 2021 with $13.1 billion in assets

1987 2021

Billions


Total MWDBE % Growth Since 1997

Commitment to DiversityC + I = B + E

Trustee Elections

2021 PENSION REP WEBINAR

The Chicago Teachers’ Pension Fund (CTPF) is governed by a 12-member Board of Trustees. The Board includes6 trustees elected by the active teacher membership, 1 trustee elected by the active principals and administrators, 3 trustees elected by the retired membership, and 2 trustees appointed by the Board of Education.

▪ Review and approve all benefits

▪ Make investment decisions

▪ Hire Executive Director

▪ Set policy

▪ Set legislative agenda

CTPF Board of Trustees


Teacher Trustees are elected to represent theinterests of active contributors. CTPF will hold an election to fill two open seats on the Board of Trustees. Voting credentials will be issue by mail this year and the election will open October 18 and finishes November 5, 2021, at 5:00 p.m. (CT).

Certified Teacher Trustee CandidatesKaryn L. AguirreVictor OchoaTammie F. VinsonQuentin S. WashingtonListed above alphabetically. Names on the ballot will be rotated so that each candidate appears at the top of the ballot an equal number of times.

2021 Teacher Trustee Election


October 11 Postcard with voting information mailed to all teachers

October 18 Voting credentials mailed toteachers' homes by election agent and voting opens at 8:00 a.m.

Email sent to all active teachers

November 5 5:00 p.m. (CT) Voting Closes

November 9 Certified election results posted

All voting takes place online at CTPFTeacherVotes.org

2021 Teacher Trustee Timeline


2021 Election Process

YesElections serves as the independent agent retained by the Board of Trustees to administer the Elections. YesElections’ duties include:

▪ Verifying the nomination petitions and providing a list of eligible candidates

▪ Preparing the election voting website

▪ Mailing voting credentials to all teachers

▪ Tabulating election results

▪ Reporting final election results to the Election Coordinator


▪ Voting credentials will be mailed to all teachers on October 18, 2021, by YesElections

▪ Voting opens at 8:00 a.m. (CT) on October 18, 2021

▪ Vote at CTPFTeacherVotes.org

▪ Voting closes at 5:00 p.m. (CT) on November 5, 2021

▪ Voting credentials will also be emailed to valid email address on file starting on October 18 at 8:00 a.m.

▪ Voting can be accessed from any computer or hand-held electronic device.

Voting


▪ If a member doesn't receive voting credentials or needs assistance during the voting period they should contact YesElections.

▪ Help will be available by phone or email [email protected] 1-844-413-2929. You will receive a follow up to your inquiry within 1 business day.

Voting Assistance



A voter enters the last 4 digits of their SSN, birth date (MM/DD/YYYY), and a voting pin included in the voting credentials.

Online Voting


Online Voting Once validated, the voters' ballot appears.

Bio information is available.

Names will rotate.

Voters check boxes next to their choices (up to two).

Voters will be alerted if they have over/under voted.


Online Voting

Voters receive a chance to review their choices and then can either continue to submit the vote or return to make a different choice.

Name 1


Candidate 1

Candidate 2

Online Voting

Once final selection is made and a vote is submitted, it cannot be changed or redone.


Eligible voters include all certified teachers who

contribute to CTPF, which also includes:

▪ Counselors

▪ Librarians

▪ Psychologists

▪ Citywide teachers

Who is Eligible to Vote


▪ Administrators/Principals, Assistant Principals, Chiefs of Schools, and other positions that require a type 75 certificate.

▪ Retired teachers

▪ Educational Support Personnel (PSRPs)

If a member has not received credentials but believes they are eligible to vote, they should contact the support desk for assistance at: [email protected] or 1-844-413-2929.

Who is NOT Eligible to Vote?



▪ Voting credentials will be mailed on October 18, 2021.

▪ Credentials will also be emailed to teachers on October 18.

▪ Teachers who do not receive their credentials by October 29 should contact [email protected] or 1-844-413-2929.

▪ The Election Agent can email credentials to teachers who do not receive credentials by U.S. mail.

Replacement Voter Credentials



Pension Rep Participation

▪ CTPF is asking Pension Reps to share election information with teachers.

▪ Please use all means possibleincluding:

o Sending school Email blasts or other announcements

o Other communications options▪ CTPF has made digital

tools available at Election Central at www.ctpf.org/election-central


▪ For viewing a webinar AND sharing information with teachers at your school, you will receive a $100 stipend.

▪ Complete an Attestation Form and return by November 19 to receive your stipend in December.

▪ Late forms will be held for a second round of payments to occur in the new year.

▪ Return forms by email to ensure prompt processing to [email protected].

▪ Links to forms are included in weekly Email and available at www.ctpf.org/election-central.

Pension Rep: Stipends



RESULTS

Election results will be posted at

www.ctpf.org by November 9, 2021

▪ If you have not already done so, complete your Credentials

Form and return it to [email protected].

▪ For questions at any time leading up to the election you can

email Gail Davis at [email protected].

▪ If teachers do not receive their voting credentials by

October 29, 2021, they should contact YesElections at

[email protected] or 1-844-413-2929.

▪ Visit Election Central

www.ctpf.org/election-central for information.

Final Notes





2021 Teacher Trustee Election

2021 teacher trustee election

Documents