By Michael Katz
Source: Chief Investment Officer

The Chicago Teachers’ Pension Fund’s $1.5 billion in payments to participants living in Illinois in 2023 had a $2.1 billion impact on the state’s economy and supported more than 11,500 jobs, according to its 2024 Economic Impact Statement.

The report found that each dollar it paid out in pension benefits generated $1.40 in economic activity for the state.

“We are proud to serve as an economic engine for the growth of our community and state,” CTPF Executive Director Carlton Lenoir said in a statement. “Our members are active and important members of their individual communities, and this report helps illustrate the impact they make throughout Illinois.”

Read the full article