Archdiocese of Chicago
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The Archdiocese of Chicago established a pension retirement plan for all full-time Lay employees effective January 1, 1967.  The Pension Plan was frozen on June 30, 2007.  Benefits accrued through the date of the freeze are payable to employees who have met the vesting requirements.  Benefits are payable after retirement or other termination of employment, as early as age 55 on a reduced basis, with the full benefit payable at age 65.

 

The benefit accrual was based on calendar year earnings during benefit eligible employment.  For all members, effective January 1, 2006, the annual cost-of-living adjustment was limited to 1.5% for all future years.

 

For Share Plan, pension questions and/or to start receiving pension benefits, please call 312-534-8276.

 

Pension Reduction Amount

After attaining age 55 and completing five years of continuous service, you are eligible to start your pension. If you wait until the age of 65, you will receive your full benefit. However, if you choose to retire early, your benefit amount is reduced. To determine the percent of reduction in your benefit, select the age in the dropdown menu to the right that you wish to retire.

 

 

  
Percent of Full Benefit
  

Age 65

    

100%

  
Pension Vesting
 

The Archdiocese of Chicago pension plan uses Cliff vesting. Cliff vesting is a type of retirement plan vesting in which you must work and accrue a number of years of service before you are 100% vested. If you do not work the full amount of time or years, you are not vested in the pension plan. Vesting for the pension plan is currently 5 Years of service, please see historical schedule below:

-- Jan. 1 1967 - Aug. 31 1974 - 15 years of service

 

-- Sept. 1 1974 - Dec. 31 1988 - 10 years of service

 

-- Jan. 1 1989 - 5 years of service


 

 
  
Pension Forms and Other Information
 TitleSize 
Lump Sum Tax Withholding Election151.30 KBDownload
Pension Application171.86 KBDownload
Pension Direct Deposit Form125.65 KBDownload
W-4P Form 2015103.98 KBDownload
When to start receiving benefits flyer - Social Security Administration259.48 KBDownload
Explanation of Pension Options78.49 KBDownload
Special Tax Notice Regarding Plan Payments195.65 KBDownload