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Chicago City Wire

Friday, April 18, 2025

Former substitute teacher Kaur paid in $17K to teachers' pension fund, could collect $212K in retirement

Money 04

Former substitute teacher Satwinder Kaur, who retired in June 2016, saved $17,204 toward a pension over 8 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Kaur would collect as much as $211,538, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kaur received $4,446 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kaur will have already received $18,598 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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