Retired Members

After dedicating your teaching career to the students of the City of Chicago, your retirement should be all about you. CTPF is dedicated to providing our retired members with a secure retirement benefit and the information you need to be able to enjoy your retirement to its fullest.

The Chicago Teachers' Pension Fund (CTPF) is a defined benefit retirement plan which provides a lifetime retirement benefit to vested members who meet minimum age and service requirements. For detailed information about retirement benefits and eligibility requirements, download the Your CTPF Pension information sheet.

When retiring from CPS or a Charter School, there are several steps that need to be taken to initiate payment of your CTPF pension.

Pension payments may be made via direct deposit, or you may opt to have checks mailed to you.

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.

The Chicago Teachers' Pension Fund (CTPF) is pleased to offer health insurance benefits to retirees, survivors, and their eligible dependents. Learn more about eligibility requirements, the enrollment process, available plans, and more below, or download the Health Insurance Handbook for complete health insurance information.

The 2022 Open Enrollment Period for health insurance will be October 1 - October 31, 2021. Plan changes made during Open Enrollment become effective January 1, 2022.

A CTPF service retirement pension, disability pension, or duty disability pension may be statutorily canceled, under certain circumstances, in accordance with the Illinois Pension Code (40 ILCS 5/17-149 and 149.1).

A third party cannot receive information about a CTPF member, survivor, or beneficiary’s account or make any changes to a member’s account without the proper authorization.  The member, survivor, or beneficiary must remain the payee on the account, in accordance with the Illinois Pension Code.