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Chicago City Wire

Saturday, August 2, 2025

Former teacher Turner paid in $116K to teachers' pension fund, could collect $1.93M in retirement

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Former teacher William Turner, who retired in December 2018, saved $115,821 toward a pension over 21 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Turner would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Turner received $40,511 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Turner will have already received $125,215 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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