Chicago City Wire

Former school social worker Theodore Thompson, who retired in February 2018, saved $173,387 toward a pension over 28 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Thompson would collect as much as $2.99 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Thompson received $62,867 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thompson will have already received $194,316 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.