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Chicago City Wire

Friday, July 11, 2025

Former substitute teacher Lapping paid in $52K to teachers' pension fund, could collect $1.4M in retirement

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Former substitute teacher Leslye Lapping, who retired in January 2016, saved $52,034 toward a pension over 15 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Lapping would collect as much as $1.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lapping received $29,473 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lapping will have already received $59,830 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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