We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed. To help guide you through the enrollment process, please contact a financial professional.
Before Enrolling in the plan, you should:
- Understand the plan features
- Review the Investment Options offered
- Understand the Investment Option Performance
- Review the Contract Prospectus
Enrolling in the Chicago Public Schools Retirement Programs
To begin contributions after you are enrolled in the Plan or change your existing contribution amount, please complete this 403(b) Salary Reduction Agreement and mail or fax it to:
2525 Cabot Drive Suite 100
Lisle, IL 60532
Fax: (866) 260-2063
There are two ways you can enroll in the Plan:
1. Your local financial professional is available to guide you through the enrollment process for the 403(b) TDA and/or 457(b) Plan. To make an appointment, please call (800) 873-9150.
Once you schedule an appointment with your financial professional, you can begin to:
- Develop an asset allocation model to illustrate your investment and retirement objectives
- Select the investment options that will help you pursue your objectives
- Designate a beneficiary for your plan benefits
2. Complete the easy online enrollment process. While enrolling online, you will need to agree to online delivery of certain documents, including a prospectus summary, investment fact sheets, and other documents required at enrollment time. If you would prefer to review a hard copy of these materials, please call (800) 873-9150 prior to enrollment.
You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options carefully before investing. The prospectuses/prospectus summaries containing this and other information can be obtained by contacting your local financial professional. Please read the information carefully before investing.
Variable annuities are intended as long-term investments designed for retirement purposes. Withdrawals from an annuity may be subject to an early withdrawal fee and, if taken prior to age 59½, an IRS 10% premature distribution penalty tax will apply, unless an IRS exception applies. Money taken from the annuity will be taxed as ordinary income in the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested. An annuity does not provide any additional tax deferral benefit, as tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. However, an annuity does provide other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you.
For 403(b)(1) fixed or variable annuities, employee deferrals (including earnings) may generally be distributed only upon your: attainment of age 59½, severance from employment, death, disability, or hardship. Note: Hardship withdrawals are limited to employee deferrals made after 12/31/88. Exceptions to the distribution rules: No Internal Revenue Code withdrawal restrictions apply to '88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed to a participant or if applicable, the beneficiary: upon the participant's severance from employment or upon the occurrence of an event, such as after a fixed number of years, the attainment of a stated age, or disability.
Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). All companies are members of the Voya™ family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.