The committee reviewed and approved a retirement application for a deferred vested participant, noting total years of service and benefits, including post-employment health care benefits. Additionally, the committee discussed the 2Q2026 market environment, noting a positive rebound in the second quarter. The review of the CTA Supplemental June 2026 plan included updates on asset allocation, fixed income strategy, and a potential manager transition from Partners Group to Pantheon. General administration matters were addressed, including the approval of invoices for legal and consulting services.
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The meeting included a review of the June 2026 hardship report, noting transaction volumes, approval rates, and payout totals for both the 457 and 401k plans. The committee discussed the loans report, highlighting participant loan participation and balances, and reviewed participant activity, including one-on-one and group meetings. A quarterly plan review was conducted, covering plan assets, participant balances, distribution statistics, and account registration rates. Finally, the committee approved several invoices for professional services.
Aug 12, 2026·BoardMeeting
Board
Chicago Transit Board Committee Meeting
The meeting focused on the finance report for June, covering revenue performance, expense management, and commodity hedging strategies. The committee discussed fare evasion, including current trends in unpaid rides and the implementation of mitigation strategies such as station hardening and an upcoming low-income fare program. Additionally, the committee reviewed an ordinance to amend a contract with CRRC for the procurement of 7000 series rail cars, settling outstanding claims and revising the delivery schedule.
The committee discussed the deferral of a retirement application to a future meeting and reviewed a contract expiration reminder. Additionally, the committee approved several invoices for professional services, including legal counsel and financial management.
Extracted from official board minutes, strategic plans, and video transcripts.
