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Chicago City Wire

Monday, August 4, 2025

Former state school employee Martin paid in $99K to teachers' pension fund, could collect $1.42M in retirement

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Former state school employee Jenifer Martin, who retired in August 2018, saved $98,814 toward a pension over 22 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Martin would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Martin received $29,755 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Martin will have already received $124,484 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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