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CHICAGO TEACHERS' PENSION FUND PROVIDES $2 BILLION POSITIVE IMPACT TO ILLINOIS ECONOMY
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| Jeffery Blackwell, President, CTPF Board of Trustees |
Chicago, IL -- The Chicago Teachers' Pension Fund (CTPF) has announced the release of its 2019 Economic Impact Statement. CTPF made $1.4 billion in direct payments to annuitants living in Illinois in 2018. Those payments had a $2 billion impact on the Illinois economy, supporting 15,000 jobs in the State.
The Buck Stays Here: Understanding the Economic Impact of CTPF Benefit Payments on the State of Illinois and the City of Chicago is produced annually and details CTPF's impact on the State of Illinois and the City of Chicago. The report includes economic impact by legislative district and Chicago ward.
"This 2019 Economic Impact Statement quantifies the economic impact that CTPF has on the State of Illinois and the City of Chicago. We are proud to serve as an economic engine for the growth of our community and state," said Jeffery Blackwell, President, CTPF Board of Trustees.
