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Chicago City Wire

Saturday, August 2, 2025

Former substitute teacher Terry paid in $8K to teachers' pension fund, could collect $180K in retirement

Money041

Former substitute teacher Debra Terry, who retired in November 2018, saved $7,618 toward a pension over 2 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Terry would collect as much as $179,502, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Terry received $3,773 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Terry will have already received $7,659 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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