Leaving County Employment

Understanding Your Options

If you are leaving County service, you have options when it comes to what you do with your annuity contributions.

Contact us to meet with a counselor or request an application for benefits if applicable.*

*November 20-30, 2017, the Cook County Pension Fund office will be closed to the public due to relocation. During that time, members needing assistance should call 312.603.1200 to speak with a benefits counselor. 

 

Before You Leave

If you are leaving County service, make sure to take care of this business while you’re still employed:

  • Repayments to Cook County Pension Fund (CCPF) for any past service

  • Impact of your service with a Reciprocal System. Paid service with a Reciprocal System can generally be counted towards service requirements.  You must contact each Reciprocal Fund to determine eligibility and
    possible costs to re-establish (pay for) any previously forfeited service.  It is important to do this now since many Funds require you to be an actively contributing employee to re-establish past service.

  • No benefits are paid by CCPF until you apply.  You must contact CCPF for the appropriate application
    when you want to receive your benefits.

Before you resign, please contact CCPF to learn more.
 

 

Leaving Service
Tier 1 Plan Eligibility

(Hired Prior to Jan 1, 2011)
Under 10 years of Service

Under age 60 

Full Refund

Contact Us

 

 

60 or Over
Full Refund

or

Monthly "Money Purchase"

Contact Us

 

10 Year of Service and Over

Under age 55

Full Refund

or

Deferred Retirement Annuity*

Contact Us

 

 

50 or Over

Current Retirement Annuity with age penalty**

Contact Us

 

 

55 or Over

Deferred Retirement Annuity*

or

Current Retirement Annuity with age penalty**

Contact Us

 

*Deferred Retirement Benefits for Tier 1 participants begin at age 50 or older.**Any Annuity that begins before the Tier 1 regular retirement age (60 years old) and service years (30) will be penalized.

Leaving Service
Tier 2 Plan Eligibility

(Hired After to Jan 1, 2011)
Under 10 years of Service

 

Under age 60 

Full Refund

Contact Us

 

10 Year of Service and Over

Under age 62

Full Refund

or

Deferred Retirement Annuity*

Contact Us

 

 

62 or Over

Deferred Retirement Annuity*

or

Current Retirement Annuity with age penalty**

Contact Us

 

*Deferred Retirement Benefits for Tier 2 participants begin at age 62 or older.**Any Annuity that begins before the Tier 2 regular retirement age (67 years old) will be penalized.

 

 

 

 

 

A Special Note On Refunds

When you take a refund, you lose all of your accrued service credit and you give up your right to any future County pension and you give up the right to any future survivor or death benefits. Learn more about refunds.

Did You Know?

  • You are allowed to purchase unused sick time for additional service credit.  The time must be certified by your department and payment must be made within 30 days after your separation from service.  Unused vacation days are paid on your final paycheck and pension deductions are withheld from those funds.  Additional service credit is automatically granted on this vacation time.
     
  • Any Optional Credit in your account will be used to increase benefits or will be refunded.

If you believe you may return to Cook County employment or employment covered by another reciprocal fund, you do not have to withdraw your contributions.  You can leave contributions with CCPF and service credit will be preserved when you return.