Legacy Accounts

How to transfer your legacy accounts to the mutual fund program

Your account balances in the CPS 403(b) and/or 457(b) plans are not automatically transferred to the new mutual fund program. If you wish to transfer your account balance, you may elect to transfer plan balances as noted below.

If you have an account balance with Corebridge Financial, formerly AIG Retirement Services

Your existing balance will not automatically transfer to the new mutual fund platform. If you would like to transfer your annuity account, please complete the Asset Conversion Form. Bear in mind that by transferring your account from the annuity platform to the mutual fund platform, you forfeit the death benefit and other guaranteed features.

• 403(b) Asset Conversion Form
• 457(b) Asset Conversion Form
• Understanding the main differences between mutual funds and annuities

If you have an account balance with Empower, Voya, or other previous CPS retirement vendor

You may transfer funds from your 403(b) and/or 457(b) retirement accounts with previous Chicago Public Schools providers by completing the Intra-Plan Transfer Form. Additional documentation may be required by your previous provider.

• Intra-Plan Transfer Form

If you have a non-CPS retirement account you would like to transfer to Corebridge Financial, formerly AIG Retirement Services

For a retirement account balance not listed above, you may initiate the funds transfer by completed the Mutual Fund Transfer-In/Rollover Form For All Plan Accounts. Additional documents may be required by your previous provider.

• Mutual Fund Transfer-In/Rollover Form

Completed forms may be securely submitted for processing through our online Message Center after you have registered your online account and logged in.

• Submit form now  

Important considerations before deciding to move funds either into or out of a Corebridge Financial Retirement Services account There are many things to consider. For starters, you will want to carefully review and compare your existing account and the new account, including: fees and charges; guarantees and benefits; and, any limitations under either of the accounts. Also, you will want to know whether a surrender of your current account could result in charges. Your financial professional can help you review these and other important considerations.