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Chicago City Wire

Friday, April 4, 2025

Former teacher Pitts paid in $105K to teachers' pension fund, could collect $2.01M in retirement

Money 04

Former teacher Ladonna Pitts, who retired in March 2016, saved $104,768 toward a pension over 22 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Pitts would collect as much as $2.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Pitts received $42,346 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pitts will have already received $130,886 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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