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Chicago Transit Authority Employees' Retirement Plan
The Retirement Plan for Chicago Transit Authority Employees was established under Public Act 95-708. Paul Sidrys leads the plan as Executive Director with...
Chicago Transit Authority Employees' Retirement Plan
The Retirement Plan for Chicago Transit Authority Employees was established under Public Act 95-708. Paul Sidrys leads the plan as Executive Director with Hector M. Flores as Deputy Executive Director. The plan sponsor is the Chicago Transit Authority and trustees are appointed by Amalgamated Transit Union Locals 241 and 308 plus the Regional Transportation Authority. The plan allocates across public equities, fixed income, real estate and infrastructure. Confirmed holdings include positions in Heitman America Real Estate, JPMorgan Strategic Property Fund, PRISA I, UBS Trumbull Property Fund and IFM Global Infrastructure. It also commits to private equity vehicles such as HighVista Fund X, Mesirow Financial Private Equity Partnership Fund V and Partners Group Private Equity Master Fund. Geographic exposure centers on the United States with additional infrastructure holdings in global markets. Assets total $2B. The plan retains Marquette Associates as investment advisor since 2010 and Northern Trust as custodian since 1996. Additional service providers include Gallagher for actuarial work and Burke, Warren, MacKay & Serritella for legal counsel. August 2025: The Board of Trustees met to review actuarial valuation, investment return assumptions and contribution rates. The plan maintains a 7% target allocation to infrastructure. It invests through limited partnership interests in open-end real estate funds and separate private equity commitments rather than direct operating control. Oversight rests with a board that includes union-appointed trustees and a fiduciary representative from the Regional Transportation Authority.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Chicago
Corporate office
55 W. Monroe Street, Suite 1950, Chicago, IL, United States
Principals
Paul Sidrys
Executive Director
Sector focus
Frequently asked questions
Who runs investment decisions at the Retirement Plan for Chicago Transit Authority Employees?
Paul Sidrys serves as Executive Director. Marquette Associates acts as investment advisor with Kweku Obed as primary contact. The Board of Trustees sets policy and reviews allocations.
Does the plan participate in fund commitments or only direct deals?
The plan commits as a limited partner to commingled funds. Holdings include HighVista Fund X, Mesirow Fund IX and multiple core open-end real estate funds from Heitman, JPMorgan and Prudential.
What asset classes receive the largest allocations?
Public equities, fixed income, real estate and infrastructure form the main exposures. Real estate holdings exceed $200M across five named open-end funds. Infrastructure targets 7% of assets with positions in IFM Global Infrastructure and FlexShares STOXX Global Broad Infrastructure Index Fund.
Which unions appoint trustees to the board?
Amalgamated Transit Union Local 241 and Local 308 each appoint trustees. The Regional Transportation Authority appoints one professional fiduciary trustee. The Chicago Transit Authority serves as plan sponsor.
How does the plan source and monitor external managers?
Marquette Associates provides ongoing investment advisory services. The plan has used Northern Trust as custodian since 1996. Actuarial work is performed by Gallagher and Cheiron.
What is the plan's known posture on ESG factors?
The Board considers material and relevant sustainability factors when evaluating investments provided they align with financial and fiduciary prudence.
Where does the plan maintain liquidity for benefit payments?
Liquidity is drawn primarily from fixed income and public equity allocations. The plan states it maintains sufficient liquidity to cover obligations through these public market holdings.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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