Chicago City Wire

Former teacher Linda Washington, who retired in November 2016, saved $33,164 toward a pension over 5 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Washington would collect as much as $420,051, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Washington received $8,829 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Washington will have already received $36,938 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.