Quantcast

Chicago City Wire

Sunday, April 20, 2025

Former state school employee Tucker paid in $67K to teachers' pension fund, could collect $956K in retirement

Money 01

Former state school employee Althea Tucker, who retired in July 2016, saved $66,971 toward a pension over 32 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Tucker would collect as much as $956,204, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Tucker received $20,098 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Tucker will have already received $84,083 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS