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Chicago City Wire

Tuesday, August 5, 2025

Former teacher Gardner paid in $135K to teachers' pension fund, could collect $1.85M in retirement

Money 05

Former teacher Nathan Gardner, who retired in February 2018, saved $134,756 toward a pension over 26 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Gardner would collect as much as $1.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gardner received $38,799 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Gardner will have already received $162,321 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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