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Chicago City Wire

Tuesday, July 1, 2025

Former teacher Gooch paid in $75K to teachers' pension fund, could collect $1.29M in retirement

Money 01

Former teacher Marsha Gooch, who retired in December 2017, saved $75,275 toward a pension over 15 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Gooch would collect as much as $1.29 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gooch received $27,012 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gooch will have already received $83,491 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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