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  • Ctpf Form 350 - Public School Teachers' Pension And Retirement ... - Ctpf

Get Ctpf Form 350 - Public School Teachers' Pension And Retirement ... - Ctpf

P Chicago Teachers Pension Fund Health Insurance Enrollment/ Change Form 2015 FORM 350 (rev. 09/2014) If you want to enroll for the first time, change plans, add or drop a dependent, complete both.

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The Designation of Beneficiary form allows CTPF members to designate individuals who will be paid any available lump-sum death benefits at their death. It does not affect or determine survivor benefits, which are only payable to an eligible spouse or minor child.

They receive lifetime pensions equal to 2.2 percent of their final average salaries multiplied by completed years of service, capped at 75 percent of their final average salaries. Final average salary is calculated over teachers' 4 consecutive highest-compensated years of service during their final 10 service years.

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).

For address change or direct deposit changes, please contact Member Services at 312-641-4464.

Chicago Teachers Pension Fund Salary Annual SalaryMonthly PayTop Earners$107,500$8,95875th Percentile$81,500$6,791Average$64,768$5,39725th Percentile$39,500$3,291

Under normal retirement eligibility requirements, Chicago teachers qualify for full pension benefits at age 67 with 10 years of service. The annual benefit is equal to a teacher's years of service, multiplied by her average salary of her final eight years, times an accrual factor of 2.2 percent.

CPS remains the only school district in the state with its own teachers' pension system, which is separate from the statewide Teachers' Retirement System (TRS).

Full-time salaried CPS teachers and other licensed teaching staff are part of the Chicago Teachers' Pension Fund (CTPF), which, until recently, has been funded entirely by Chicago taxpayers with little support from the state.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232