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Chicago City Wire

Tuesday, August 5, 2025

Former substitute teacher Tolliver paid in $13K to teachers' pension fund, could collect $163K in retirement

Money272

Former substitute teacher Barbara Tolliver, who retired in May 2018, saved $13,468 toward a pension over 6 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Tolliver would collect as much as $162,669, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Tolliver received $3,419 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Tolliver will have already received $14,306 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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