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Chicago City Wire

Friday, April 19, 2024

Former teacher Pleasant paid in $110K to teachers' pension fund, could collect $2.05M in retirement

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Former teacher Adrienne Pleasant, who retired in November 2018, saved $109,796 toward a pension over 21 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Pleasant would collect as much as $2.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Pleasant received $43,169 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pleasant will have already received $133,431 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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