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Chicago City Wire

Thursday, April 17, 2025

Former special education worker St John paid in $96K to teachers' pension fund, could collect $1.34M in retirement

Money 06

Former special education worker Monica St John, who retired in May 2016, saved $96,024 toward a pension over 23 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, St John would collect as much as $1.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes St John received $28,075 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, St John will have already received $117,456 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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