Depending on your stage in life, retirement may be on the horizon or still seem remote. In either case, careful planning helps ensure that you and your family receive the maximum pension benefit from the Chicago Teachers’ Pension Fund.
The Chicago Teachers' Pension Fund (CTPF) is a defined benefit retirement plan that provides a retirement based on your salary and service credit. After you accumulate five years of service, you are vested and qualify for a lifetime pension once you meet minimum age requirements.
Unlike many other investments, the value of your pension does not fluctuate with investment market conditions.
You can get an estimate of what your retirement pension would be by using our Monthly Annuity Planner.
For more information on service retirement benefits and planning your retirement, please consult the following brochure:
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For more information on changes to CTPF for members starting after January 1, 2011, click here.
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Last Modified 11 27 2006