Freedom of Information Act - Retirement Plan
Short Summary of Purpose
The Retirement Plan for Chicago Transit Authority Employees, originally negotiated for members of Divisions 241 and 308 of the Amalgamated Association of Street, Electric Railway, and Motor Coach Employees of America, and has been extended to other eligible employees.
The purpose of the Plan is to provide retirement allowances in case of old age or disability for the eligible employees of the Chicago Transit Authority.
Location of the Office
The one office of the Retirement Plan is located at 55 W. Monroe, Suite 1950, Chicago, IL 60603. The general number for the office is 312.441.9694.
There are currently thirteen (13) full time staff and the office is, generally, split between the benefits and finance functions as follows:
There are staff members who spend time within each function, resulting in fractional time. The staff also has the responsibility for administering parts of the Retiree Health Care Trust.
Board of Trustees
There is an eleven (11) member Board of Trustees that administers the Plan. They are listed in the drop-down menu under The Retirement Plan.
The Plan has a total operating budget of approximately $11.5 million. Approximately 80% of that is related to investment fees and related activity. Detailed information on the annual operating costs of the Plan can be found in the Supplementary Information in our Audited Financial Statements, which are posted on the web site under our Annual Report.
Freedom of Information (FOIA) Officer
John Kallianis acts as the FOIA Officer for the Retirement Plan for CTA Employees. All requests for public records should be made in writing and should be directed to him via email at email@example.com or via regular mail at 55 W. Monroe, Suite 1950, Chicago, IL 60603. Any fees allowable under Section 6 of FOIA will be charged at the discretion of the Plan.