The Retirement Plan for CTA employees is administered by a Board of Trustees consisting of eleven (11) members; five (5) members appointed by the Chicago Transit Board, three (3) members appointed by Amalgamated Transit Union, Local 241, one (1) member appointed by Amalgamated Transit Union, Local 308, one (1) member appointed to represent the employees not represented by the Amalgamated Transit Union. And one (1) Regional Transportation Authority RTA appointee. Each of the eleven (11) members has an alternate similarly appointed.
The Board of Trustees for the Retirement Plan for CTA Employees is also responsible for the investment policy from the Plan, including the selection of investment managers.