Chicago City Wire

Chicago City Wire

Friday, January 17, 2020

Former principal Kouretsos paid in $209K to teachers' pension fund, could collect $3.94M in retirement

Schools

By Local Labs News Service | Jan 1, 2018

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Former principal Margaret Kouretsos, who retired in December 2017, saved $208,514 toward a pension over 28 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Kouretsos would collect as much as $3.94 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kouretsos received $82,918 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kouretsos will have already received $256,292 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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