Former bilingual teacher Markham paid in $173K to teachers' pension fund, could collect $3.26M in retirement

By Local Labs News Service

Apr 1, 2019

Former bilingual teacher Karen Markham, who retired in March 2019, saved $172,961 toward a pension over 30 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Markham would collect as much as $3.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Markham received $68,426 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Markham will have already received $211,498 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Chicago Public Schools

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