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CTPF s Rules Governing Re-Employment can be found at www. ctpf*org. SECTION 1 MEMBER INFORMATION Member name first Mailing address middle initial last Last 4 digits of SSN street city Birthdate mm/dd/yy apt. or unit no. state zip Telephone number with area code E-mail address Did you work as a principal/administrator for at least five years prior to retirement Did you retire under the Illinois Reciprocal Act o Yes o No If you answered yes please list your final system SECTION 2 EMPLOYMENT INF ...

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What is the form for CTPF direct deposit?

Hear this out loud PauseTo initiate direct deposit, you must complete and return CTPF Form 425 with the required documentation.

What is the lump sum death benefit?

What is Social Security Lump Sum Death Payment? Social Securitys Lump Sum Death Payment (LSDP) is federally funded and managed by the U.S. Social Security Administration (SSA). A surviving spouse or child may receive a special lump-sum death payment of $255 if they meet certain requirements. Social Security Lump Sum Death Payment - Benefits.gov benefits.gov benefit benefits.gov benefit

What are the benefits of the Chicago Teachers Pension Fund?

Hear this out loud PauseChicago 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).

What is the death benefit for a deceased person?

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment. Death Benefit: How Its Taxed and Who Can Claim It - Investopedia investopedia.com terms deathbenefit investopedia.com terms deathbenefit

What is the death benefit for CTPF?

Hear this out loud PauseTier I: pension is based on 30% of monthly average salary ($400 maximum) or 50% of the members earned retirement pension, whichever is greater. Tier I and Tier II: Pension based on 60% of total average salary at time of death ($600 maximum) or 50% of the members earned retirement pension, whichever is greater.

ctpf form 770

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What are the benefits of the Chicago Teachers pension Fund?

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). Member Resources - CTPF CTPF member-resources CTPF member-resources

What is the designation of beneficiary in CTPF?

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. Designation of Beneficiary - CTPF ctpf.org sites files designationofbene ctpf.org sites files designationofbene

How big is the Chicago Teachers Pension Fund?

Hear this out loud PauseThe Chicago Teachers Pension Fund (CTPF) is committed to serving our members. Our pension fund serves more than 94,000 members and administers benefits totaling more than $1.5 billion annually.