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Chicago City Wire

Monday, August 4, 2025

Former teacher Ebstein paid in $122K to teachers' pension fund, could collect $2.45M in retirement

Money 04

Former teacher Jody Ebstein, who retired in July 2018, saved $121,783 toward a pension over 26 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Ebstein would collect as much as $2.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ebstein received $51,487 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ebstein will have already received $159,142 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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