Quantcast

Chicago City Wire

Saturday, May 18, 2024

Former teacher Bryant Beasley paid in $137K to teachers' pension fund, could collect $2.16M in retirement

Money 03

Former teacher Joycelyn Bryant Beasley, who retired in April 2016, saved $136,716 toward a pension over 26 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Bryant Beasley would collect as much as $2.16 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Bryant Beasley received $45,299 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bryant Beasley will have already received $140,015 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS