Important News and Reminders
Request for Proposal for an Emerging Markets Equity Strategy managed by an MWDBE Firm
The Retirement Plan for Chicago Transit Authority Employees ("the Plan") is requesting proposals from WMDBE investment management firms interested in providing actively managed Emerging Markets Equity investment management services to the Plan.
The Board of Trustees is soliciting firms to provide Emerging Markets Equity management services of approximately $55 million. This Request for Proposal (RFP) is not an offer to contract but seeks the submission of proposals from qualified, professional firms that may form the basis for negotiation of an Investment Management Agreement ("IMA").Posted: 05/03/2017
CTA's Wealth & Health Fair scheduled for April 22nd
As part of the Wealth & Health Fair, we The Plan will be present to provide Pension information and update the retirees personal information.
The Fair is scheduled for April 22nd, 2017 between 9:00 AM and 2:00 PM at CTA Headquarters 567 West Lake Street in Chicago.Posted: 04/05/2017
Private Equity fund of fund investment RFP
The Retirement Plan for Chicago Transit Authority Employees ("the Plan") is requesting proposals from investment management firms interested in providing actively managed Private Equity fund of fund investment management services to the Plan.
Update: Matthews v. The CTA, et al
The Illinois Supreme Court issued a ruling in the Matthews case, on Thursday, May 5th.
There were two groups of plaintiffs involved in the Supreme Court ruling. The first group includes those people who were hired by the CTA before September 5, 2001 and retired before January 1, 2007. The second group includes those people who were hired before September 5, 2001 and are still active employees or who have retired on or after January 1, 2007.
Some of the claims brought by the first group (hired before 9/5/2001 and retired before 1/1/2007) have been sent down to proceed before a trial court. This does not mean that the plaintiffs or the defendants "won" or "lost". It only means that the Supreme Court wants some of the claims brought by the first group to proceed before a trial court.
All of the claims brought by the second group (hired before 9/5/2001 and retired after 1/1/2007 or still active) have been dismissed by the Supreme Court.
The Trustees for the Retirement Plan and Retiree Health Care Trust are working with their attorneys to evaluate the next steps. In the meantime, there will be no changes in the administration of the Retirement Plan and the Retiree Health Care Trust.