Pension payments may be made via direct deposit, or you may opt to have checks mailed to you.
Monthly Payment & Direct Deposit Calendar
|Last Day to Submit
an Address or Tax Withholding
|Check Mailing Date||
Direct Deposit Date
|January 2020||December 13, 2019||December 30, 2019||January 2, 2020|
|February 2020||January 15, 2020||January 30, 2020||February 3, 2020|
|March 2020||February 12, 2020||February 27, 2020||March 2, 2020|
|April 2020||March 16, 2020||March 30, 2020||April 1, 2020|
|May 2020||April 15, 2020||April 29, 2020||May 1, 2020|
|June 2020||May 13, 2020||May 28, 2020||June 1, 2020|
|July 2020||June 15, 2020||June 29, 2020||July 1, 2020|
|August 2020||July 16, 2020||July 30, 2020||August 3, 2020|
|September 2020||August 14, 2020||August 28, 2020||September 1, 2020|
|October 2020||September 15, 2020||September 29, 2020||October 1, 2020|
|November 2020||October 15, 2020||October 29, 2020||November 2, 2020|
|December 2020||November 12, 2020||November 25, 2020||December 1, 2020|
Tax Withholding and Address Changes
If you need to make a change to your tax withholding or your address information, please be aware of the cut-off dates. Changes received after the date indicated above will be processed the following month.
Direct deposit ensures that your pension payment is deposited into your account on the first business day of the month, whereas a check mailed to your home will take several days to arrive and then clear, delaying access to your funds. Direct deposit avoids costly delays and the chance of a lost or stolen check.
For any questions about direct deposit, please contact Member Services, 312.641.4464.
Form 1099-R: Distributions from Pensions, Annuities, Retirement, Etc.
By law, the 1099-R forms will be postmarked no later than January 31 following the tax year being reported. A 1099-R will be issued for each benefit a member receives. Make sure that your address is up-to-date with CTPF in order to receive a 1099-R; submit a if you need to update your address.
If you have a temporary address for the winter months and need CTPF to send your 1099-R to a different address, or need a reprinted 1099-R, please contact Member Services, 312.641.4464.
CTPF cannot provide a 1099-R to anyone other than the member or an authorized third party. If you are a Guardian of the Estate of a member and need a 1099-R for that member, please submit the Letters of Office for Guardianship, if CTPF does not already have such Letters on file. If you are an Agent for a Power of Attorney for the member and need a 1099-R, please submit a copy of the , if CTPF does not already have such documents.
Please be aware that if a third party is requesting a 1099-R on behalf of a member or a deceased member and CTPF does not have the necessary documentation on file, that it may take up to 30 days to review such documentation once it is received.
CTPF, upon request and confirmation of the appropriate status of the requester, will provide a copy of the deceased’s member’s 1099-R to:
- Spouse of the deceased
- Child(ren) of the deceased
- Parent(s) of the deceased
- Administrators and/or Executors of the Estate of the deceased upon receipt of valid Letters of Office of the Estate appointing the third party requester Administrator or Executor
- Trustees of the Decedent’s Trust upon receipt of a valid Trust and Affidavit of Trust
The third-party requester must provide a valid federal or state-issued identification prior to receiving a copy of the 1099-R.