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Chicago City Wire

Monday, August 4, 2025

Former substitute teacher Dougherty paid in $86K to teachers' pension fund, could collect $1.52M in retirement

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Former substitute teacher Joan Dougherty, who retired in June 2018, saved $85,737 toward a pension over 19 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Dougherty would collect as much as $1.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dougherty received $31,857 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dougherty will have already received $98,467 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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