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. You can find additional information about your pension tier level on the Tier 1 vs. Tier 2 Pensions page.

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)
• Request an estimate of your CTPF retirement benefit (if you meet the eligibility requirements).  

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 the Tier 1 vs. Tier 2 Pensions page.