A CTPF retiree may decide to return to work on a part- or full-time basis, but there are some rules to be aware of to keep your pension from being jeopardized. 

A retiree who is re-employed in Chicago Public Schools, in a Chicago charter school, or for another employer contributing to CTPF (CPS Employer) in a permanent or annual instructional position (teacher) will have their retirement benefits cancelled. A retiree who is re-employed in a temporary or non-annual instructional position is subject to both employment and compensation limits.  

Serious financial consequences can occur (including the loss and/or required repayment of your pension and, if applicable, health insurance subsidy for that fiscal/school year) when limitations are exceeded. You must notify CTPF in writing before beginning employment with a CPS Employer. 

*a day is defined as an hour or more

Note: Although the limitation on days worked for CTPF retirees was increased to 120 days effective July 1, 2019, the compensation limit did not increase. Retirees employed in a temporary or non-annual basis should ensure that they are carefully tracking compensation earned (including stipends) in addition to days worked.   

For example, a retiree earning $250 per day who works 120 days and earns a $2,000 stipend will earn $32,000 in total compensation. This retiree would be considered in violation of the re-employment limitations based on earned compensation in excess of $30,000, even though they did not work more than 120 days.  

Who is Impacted 

A teacher is defined as any educational, administrative, professional, paraprofessional (charter schools only) or other staff member whose position requires certification or licensure by the Illinois State Board of Education (ISBE).  

Notifying CTPF of Re-Employment 

You must notify CTPF if you return to work after retirement. Fill out and return one of the forms below to CTPF: 

• Form 770: Notice of Temporary or Non-Annual Return to Work 
• Form 773: Notice of Permanent or Annual Return to Work