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Chicago City Wire

Wednesday, August 6, 2025

Former principal Seaton paid in $211K to teachers' pension fund, could collect $5.44M in retirement

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Former principal Melody Seaton, who retired in February 2018, saved $210,542 toward a pension over 33 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Seaton would collect as much as $5.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Seaton received $114,363 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Seaton will have already received $232,157 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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