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.
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.