Since 1926, this Association has dedicated itself to the betterment of all teachers who have retired from the Chicago Public Schools.
John A. Butterfield,
Legislation and Advocacy
Workshops, Calendar of Meetings, Events, Activities and Opportunities
All Spring 2020 RTAC Workshops and Seminars have also been POSTPONED.
2020 IRA/401 (k) Required Minimum Distributions Update
SECURE Act and the CARES Act have ‘paused’
individual taxpayers with IRAs and 401k investments
from having to take a
Required Minimum Distribution in 2020. Those who did
so prior to the announcement
that the RMDs are being waived for 2020, have until
August 31, 2020 to return
them if they wish. It is our understanding that if
taxes were withheld from the
early distributions those will not be returned.
However, the withheld taxes will
be credited to one’s 2020 tax obligations.
have inquired about the impact of the RMD
waiver on one’s Medicare obligations. Per Kiplinger,
monthly adjustment amounts’ or IRMAAs, that
determine how much one pays for
Medicare Part B and Part D plans rely on a formula
specified in the Social
Security Act. This formula bases the rates on one’s
adjusted gross income from
two years before. Although one’s IRMAA will stay the
same during 2020, one
should see one’s lower AGI reflected in the rate/s
one pays in 2022.
Remember too that EVERY contribution to RTAC COPE will help gain our objectives! Like it or not, MONEY TALKS – and, unfortunately, so does the absence of it!
Defined Benefits vs. Defined
Currently we have a defined benefit retirement plan where we are guaranteed our benefits for life. If some legislators get their way, new employees will work under a defined contributions retirement plan where the benefits are based entirely on how much was contributed.
Read an analysis of Public Pensions by the Center for Tax and Budget Accountability -- here.
If you would like to see how much you would have needed to contribute to a retirement fund to enjoy your current pension, click here and enter some data. Be aware that the projected total you have in your account when you retire must last for life - i.e. if your retirement account has $1,000,000 in it when you retire and you expect to live another 20 years, you can only withdraw $50,000 per year and the balance will continue to decrease until your account is completely depleted and you have nothing left to live on.
Looking for something to do?
Check out our EVENTS page.
The EVENTS page lists events of interest to all CPS teachers, active as well as retired.
The Events page contains direct links to over 100 area entertainment venues!
You might also like to check our VOLUNTEER, JOBS and OTHER OPPORTUNITIES pages.
update:July 11, 2020
Last Advocacy page update: October 12, 2015
Last Archives page update: July 11, 2020
Last Committee Meetings page update: April 15, 2020
Last CTPF information page update: October 31, 2018
Last Events & Activities page update: April 1, 2020
Last Forms page update: February 9, 2019
Last Home page update: July 11, 2020
Last Jobs page update: January 23, 2020
Last Just for fun page update: December 10, 2013
Last Legislation Update page update: July 15, 2016
Last Orientation page update: February 14, 2014
Last Other Opportunities page update: February 23, 2020
Last Pending Bills page update:October 1, 2019
Last Resources page update: October 25, 2019
Last Reunions page update: November 26, 2019
Last Samples page update: June 12, 2015
Last Volunteer page update: February 23, 2020
Last Workshop & Seminar page update: March 17, 2020
See our FUN page for more.
Opinions, Resources, Archives
Events, Activities and Opportunities
|News Bulletins Go Green
The latest News Bulletin is available through this link as are many of the past News Bulletins.
The Archives of past legislation, stories and posts are here.
RTAC supported legislation
Find your legislators HERE
(Enter your 9 digit zip, 'Find Address' then 'Confirm Address')
The 2019 legislative calendars are available for both the House and Senate.
|Workshops & Seminars
Scheduled Board & Committee Meetings
(Most are open to the public but space is limited.)
Events & Activities
Spring 2020 workshops & seminars have been CANCELLED.
Editorials supporting RTAC's position on
Pension matters are here.
'Pension Fund Ambassador' (here)
and print letters to your legislators about the economic
impact of your pension (here).
The Archdiocese of Chicago's School system has various employment opportunities.
NAEP is Seeking Field Study Staff to Administer a Study
website is here,
recent CTPF actions and information is here and
the CTU website is
For more information about the Alert Network, click here or join the E-mail Alert Network
|Find Your State and
Federal Legislators here
Illinois Senators by district
Illinois Senators by name
Illinois Representatives by district
Illinois Representatives by name
Photos of visits to legislators
Other Volunteer Opportunities
The Howard Area community Center needs adult tutors
Madonna Mission needs tutors
Teaching Excellent STEAM needs volunteers
|Fraud Alert/Identity Theft
|How to Write Your
+ + + + + + +
(and the addresses of media outlets)
|A list of businesses and services
that provide Senior discounts.
Legal Defense Donations
Nomination for the Armstrong Award
Bylaws and Conflict of Interest Form
See Photos of RTAC members meeting with their legislators and at other activities.
Read a summary of the presentations at the AARP:NRTA conference in Washington D.C.
Morgan Park Reunion Picnic Saturday, August 15, 2020