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Chicago City Wire

Friday, April 18, 2025

Former teacher Freeman paid in $135K to teachers' pension fund, could collect $1.9M in retirement

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Former teacher Lynn Freeman, who retired in November 2017, saved $134,513 toward a pension over 23 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Freeman would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Freeman received $39,902 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Freeman will have already received $166,935 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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