Deferred, Vested Retirement

Employees having at least ten (10) years of continuous participation in the Plan are vested. If an employee separates from service from the CTA after they have vested, but pior to being eligible to retire, they have the ability to apply for a deferred, vested pension which would begin at age sixty-five (65). The deferred, vested pension would be calculated based on the Plan provided in place at the time of separation from service in the CTA.

Supporting Forms and Application

All forms may not be required.

Completed signed forms must be received in the Pension Office no later than the fourteenth (14th) day of the month preceding your month of retirement.  For example, if you wish to retire on June 1st, your completed application must be in the Retirement Plan Office no later than May 14th.

	Federal income tax withholding election - Withholding Certificate for Pension or Annuity Payments
	Waiver of deferred vested old-age retirement allowance - Waiver of deferred vested old-age retirement allowance
	Waiver of Deferred Vested Old-Age Retirement Allowance without Notary Seal - Waiver of Deferred Vested Old-Age Retirement Allowance WITHOUT Notary Seal - use while at the Pension Office