Monthly Pension Planner

Overview

Monthly Pension Planner

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 do not include dollar signs, commas, or decimal places--whole dollar figures only.

Percentage: 0%

Annual Pension: $0.00

Monthly Pension: $0.00

 

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.