Former substitute teacher Innes paid in $25K to teachers' pension fund, could collect $305K in retirement

By Local Labs News Service

Aug 1, 2018

Former substitute teacher Emily Innes, who retired in July 2018, saved $24,539 toward a pension over 10 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Innes would collect as much as $304,630, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Innes received $6,403 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Innes will have already received $26,788 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Chicago Public Schools

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