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Chicago City Wire

Sunday, August 3, 2025

Former substitute teacher Harrold paid in $2K to teachers' pension fund, could collect $85K in retirement

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Former substitute teacher James Harrold, who retired in September 2018, saved $1,848 toward a pension over 1 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Harrold would collect as much as $85,153, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Harrold received $1,789 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Harrold will have already received $3,632 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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