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Chicago City Wire

Monday, August 4, 2025

Former teacher Thomas paid in $187K to teachers' pension fund, could collect $3.99M in retirement

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Former teacher Andrew Thomas, who retired in June 2018, saved $186,859 toward a pension over 34 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Thomas would collect as much as $3.99 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Thomas received $83,779 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thomas will have already received $258,952 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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