It is a projection based on information you provide. By inputting different service years and compensation amounts, you can use the Retirement Estimator to approximate what your pension would be under various retirement scenarios.

 

Your use of the Retirement Estimator has no binding effect on the Cook County Pension Fund (CCPF) or the participating employer. The accuracy of the benefit projection will depend on how closely the data you enter matches your actual CCPF account data in the future. For example, if any of the variables differ from what CCPF records contain, your estimated retirement benefit will be inaccurate.

The Retirement Estimator does not: take into account IRS requirements under 26 U.S.C. 401(a)(17) which limits the amount of compensation that can be considered for employees who first became participants on or after January 1, 1996.  In addition, this estimator does not take into account the Tier 2 salary maximum under 40 ILCS 5/1-160, which limits the amount of compensation that can be considered for employees who first became participants on or after January 1, 2011.

 

The estimator is provided for informational and educational purposes only. The estimator will only provide an estimate of your gross benefit amount. It does not include deductions for income tax purposes or health benefits you may elect. It is merely a tool you can use to help project your future benefits; there is no guarantee that you will receive these amounts or reciprocal service with other local pension systems.