When you leave your employer, you need to carefully consider what to do with the assets you have accumulated in the Chicago Teachers’ Pension Fund. The decision you make can affect your future financial security.
Depending on your stage in life, you may retire, choose to leave your contributions and service credit in CTPF until you retire, or take a refund of your contributions and forfeit your future pension and benefits. The refund option may be exercised 60 days after your resignation.
It is essential that you understand your options in order to make an informed decision. You may wish to consult with your own financial advisor or schedule a counseling session with CTPF’s Member Services department before you make your decision.
For more information, please consult the following brochure:
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Last Modified 11 27 2006