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Chicago City Wire

Wednesday, October 15, 2025

Former state school employee Hyde paid in $102K to teachers' pension fund, could collect $1.77M in retirement

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Former state school employee Ruby Hyde, who retired in August 2016, saved $101,793 toward a pension over 23 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Hyde would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hyde received $37,176 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hyde will have already received $114,907 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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