Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago Regular Board Meeting
The Board meeting included presentations from members of the public regarding pension advocacy and school funding. The Board approved remote attendance for specific trustees and a one-year extension to the ADP contract. Key agenda items included the adoption of the Health Insurance Committee's recommendations for 2027 Medicare plan carriers, renewals, and subsidies, as well as the approval of the IRC Section 415 testing policy and a Qualified Excess Benefit Arrangement (QEBA) plan. Legislative priorities for 2027 were discussed, and reports were reviewed from the Committee on Claims and Service Credits concerning pensions, death benefits, and refunds. An executive session was held to discuss litigation and internal control matters.
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Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago Regular Meeting
The board discussed public comments regarding educator pensions and school funding. Decisions were made regarding a one-year extension to the ADP contract and the adoption of Health Insurance Committee recommendations for 2027 Group Medicare plan carriers, renewals, and health insurance subsidy settings. The board also approved trustee training hours, received legislative reports regarding pension advocacy and priorities, and reviewed updates from the executive director. Significant actions included the approval of an IRC Section 415 Testing Policy and a Qualified Excess Benefit Arrangement (QEBA) Plan and Trust. An executive session was held to address litigation and personnel matters.
Jul 1, 2026·Proposed budget
Public School Teachers' Pension and Retirement Fund of Chicago FY2027 Proposed Budget
The Public School Teachers' Pension and Retirement Fund of Chicago proposed administrative budget for fiscal year 2027 (July 1, 2026 - June 30, 2027), presented for discussion at the Finance and Audit Committee meeting on May 7, 2026.
