Chicago Teachers’ Pension Fund PENSIONS MAT T E R Education and Advocacy Initiative THE BUCK STAYS HERE Understanding the economic impact of CTPF benefit payments on the State of Illinois and the City of Chicago $ $ $ $ $ NOVEMBER 2012 203 North LaSalle Street, suite 2600 | Chicago, Illinois 60601-1231 | T 312.641.4464 | F 312 641 7185 | www.ctpf.org |
[email protected] EXECUTIVE SUmmARY PENSIONS MATTER CTPF educators make an immeasurable impact on children: educating, PART 1: CTPF MEMBERS AND RETIREES BY ILLINOIS SENATE DISTRICT nurturing, and helping them grow into productive citizens and future leaders. Yet an educator’s impact extends far beyond the classroom — active Total Jobs and retired educators are also consumers, taxpayers, and voters — who live Active Total Annual Economic Resulting and work in Chicago and surrounding communities. They help to drive the and Benefit Impact of from economy of our city and state. Total Inactive Retired Amount for Benefit Benefit . active and“ retired District Illinois State Senator Members Members Members Retirees Payments Payments This report examines the impact that CTPF educators have outside the educators are also classroom, and the benefits pensions offer the economy of the City of 001 Antonio Muñoz (D) 1,032 930 102 $ 4,719,429 $ 6,896,973 52 consumers, taxpayers, Chicago and the State of Illinois. 002 William Delgado (D) 1,693 1,549 144 6,915,712 10,106,621 76 and voters . The report is presented in two sections. The first section examines the 003 Mattie Hunter (D) 1,571 1,216 355 17,756,784 25,949,764 194 number of CTPF members and their benefit payments by legislative district.