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Chicago City Wire

Tuesday, August 5, 2025

Former teacher Heard paid in $12K to teachers' pension fund, could collect $381K in retirement

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Former teacher Karen Heard, who retired in March 2018, saved $11,893 toward a pension over 5 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Heard would collect as much as $381,170, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Heard received $8,011 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Heard will have already received $16,262 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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