This form is a sample letter in Word format covering the subject matter of the title of the form.
Time Extension For Higher Pension In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-0018LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The typical career state pensioner, which excludes employees also qualifying for Social Security, collected $82,478 in benefits in 2021 while the median working Illinois resident earned just $46,634 a year. Over a lifetime, the typical state pensioner receives a median $2.42 million in retirement income.
Who do I contact for help with my Retirement account? Our team is here for you. Call 888.769.2362, 402.323.1592, or email 401k@ubt, and we'll be happy to help.
Contributory Retirement Plan (CRP) The University contributes 8% of your compensation and you contribute 5% by payroll deduction. These contributions and their investment earnings make up your retirement savings account from which you can draw a retirement income.
To contact UCPC for assistance click on "Ask UCPath" at the top right corner of the online portal screen or call 855-982-7284.
Q: When am I eligible to retire and receive a monthly pension? A: The requirements to be eligible for a monthly pension based on the minimum formula (2.4% of Final Average Salary per year accrual rate) are: 30 years of service, payable at age 50 or greater. 20 years of service, payable at age 55 or greater.
If you have any additional questions, please contact the Benefits Office M-F from am - pm at benefits@uchicago or (773) 702-9634.
Illinois Tax Extension Tips: If you have a valid Federal extension (IRS Form 7004), the State of Illinois will automatically grant you an Illinois extension. In this case, you don't have to do anything else to obtain an Illinois extension — unless you owe state tax.
There is an automatic six month extension of time to file the return. If the tax year ends on June 30, Form IL-1120 is due on or before the 15th day of the 3rd month following the close of the tax year. There is an automatic seven month extension of time to file the return.
New for 2024! If you qualify for the 2024 Illinois EITC and have at least one qualifying child under the age of 12 years old, you also qualify for the Child Tax Credit. The Child Tax Credit is an additional credit, calculated as 20 percent of your Illinois EITC amount.
