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Chicago City Wire

Saturday, July 12, 2025

Former manager Walsh paid in $137K to teachers' pension fund, could collect $2.5M in retirement

Money 07

Former manager Mary Walsh, who retired in March 2016, saved $137,297 toward a pension over 24 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Walsh would collect as much as $2.5 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Walsh received $52,568 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Walsh will have already received $162,482 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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