Monthly Pension Calculator
Thinking about your future retirement? Your pension is an important part of your future retirement security. Chicago Teachers’ Pension Fund (CTPF) members enjoy a guaranteed pension for life, based on your tier level, final average salary, CTPF years of service, and a pension multiplier (currently 2.2% for service earned on July 1, 1998 or after). The calculator below can help you estimate your monthly CTPF pension income at retirement.
Enter your basic retirement information:
- Date you first contributed to CTPF or a qualified reciprocal system (before or after January 1, 2011)
- Age at retirement
- Final average salary at retirement
- Years of CTPF service
- Years of reciprocal service (if applicable)
Please Note: Reciprocal service is used for eligibility only; estimated amounts refer to CTPF payments only. This planner does not replace an actual estimate based on your current salary and service credit. Contact Member Services, 312.641.4464, for a personalized estimate.
For more information on how Tier 1 and Tier 2 benefits are calculated, please see Tier 1 vs. Tier 2 Pensions.