Pension Advocacy Group decided this was a perfect time to start
the educational series. The objective is to develop members' knowledge of Defined
Benefit Plans and how to protect and restore them.
Lesson 1: What is a fiduciary?
In the simplest of terms, a fiduciary is
someone who must put the best interest of the person they are representing
ahead of their own.
Election materials will be mailed and online voting becomes
available for the 2024 Teacher Trustee Election. Voting closes on November 1,
2024, at 5:00 p.m. (CT).
Chicago Teachers' Pension (CTPF) members will have the
opportunity to select two from a field of five.
PAG’s strategy to educate, engage, and empower members was met with a bumpy start when the conversation took an unfortunate turn when the
meeting was hacked. PAG addressed the situation to the best of their
ability and after resuming the Zoom meeting continued with the agenda. Thank
you to our PAG nonprofit consultant Lili Molina a board member for helping us
with the other imposters.
During the virtual
meeting on Friday, October 11, 2024. Maria Blancas, PAG's Production Director
introduced the panelist. Ray Wohl is a former CTPF Trustee and president of the
PAG board. Julie McShane is the legislation Director and an active CPS
teacher. Dawn McGrath, a former CPS teacher is the Business Director. Panelists
introduced themselves and shared how they defined or understood the role of a fiduciary.
Tina Padilla was able to obtain the visitor link to the CTU candidates forum
used her knowledge of a fiduciary and created a rubric to score all the
candidates and shared her scores.
Next on the agenda was the discussion around Pension
legislation. PAG is engaging in initiatives aimed at repealing Tier 2 such as AFL-CIO Fix Tier 2, Undo Tier 2 Illinois
Education Association, and IFT Fix Tier 2. Dawn McGrath lead the discussion on
how to support all trustees, especially our woman trustees.
Several candidates joined the meeting but left before
the candidate Q&A portion began. Lucky for us, Trustee Washington
joined at the right time and reflected on his 3 years on the board. We were
also able to use the last few minutes to discuss HB 4098 and how we believe
this bill might impact the fund.
We trust that good intentions yield good practice
and can drastically reduce or eliminate harm. My scored rubric of the candidates
and notes from my retiree delegate George Milkowski are attached.
Learn more at ctpf.org/election-central.
file:///C:/Users/tpadilla/Downloads/HoD-2024%20-10-08%20(1).pdf
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