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Illinois Reciprocal States  Form

Illinois Reciprocal States Form

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Instructions and help about illinois reciprocal states chart

hello my name is Larry and I am the manager of the Northern Area office for the Teachers Retirement System of the state of Illinois in this video presentation we will be discussing reciprocity and reciprocal retirements first some definitions reciprocity and reciprocal retirement refer to combining service in two or more Illinois public pension systems at the time of a member's retirement the state of Illinois reciprocal Act governs how the service records are combined and how the benefits are calculated there are 13 systems covered under this Act several of the more common systems are the State Employees Retirement System known as s ers the public school teacher's pension and benefit fund of Chicago known as C TRF or Chicago Teachers the state universities retirement system known as s urs and the Illinois Municipal retirement fund known as IMR F what are the advantages to a reciprocal retirement under the reciprocal Act you may be eligible to collect a retirement benefit at an earlier

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