Employers

Overview

Employers of CTPF Members

Employers provide a vital link between members and the Chicago Teachers’ Pension Fund (CTPF). Accuracy in reporting and payment is important, as CTPF’s effectiveness in benefit administration rests largely on the data reported by Employers, which determines members’ creditable service credit, creditable earnings, retirement contributions, and their future retirement benefits.

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CTPF Administrative Rules For Employers

The CTPF Board of Trustees has adopted and issued the following administrative rules to assist Employers in the accurate reporting of covered participants and pension contributions to CTPF:

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Hiring CTPF Retirees

All Employers must comply with the The Chicago Teachers’ Pension Fund (CTPF) Return to Work Rules. Many different factors determine whether a retiree’s pension will be affected by a return to work, including specific details about their work history and pension calculation.

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Employer Contribution Reporting

Each month, Employers remit employee pension contributions to The Chicago Teachers’ Pension Fund (CTPF). Illinois law requires that these contributions be made within a certain time period. If the Employer does not send the funds within the required time, penalties may be assessed.