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Chicago City Wire

Wednesday, August 6, 2025

Former state school employee Faur paid in $23K to teachers' pension fund, could collect $234K in retirement

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Former state school employee Harry Faur, who retired in December 2017, saved $22,516 toward a pension over 5 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Faur would collect as much as $233,877, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Faur received $4,915 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Faur will have already received $26,092 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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