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Chicago City Wire

Monday, August 4, 2025

Former high school teacher Moss paid in $20K to teachers' pension fund, could collect $1.02M in retirement

Money 05

Former high school teacher Laura Moss, who retired in August 2018, saved $20,440 toward a pension over 10 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Moss would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Moss received $21,516 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Moss will have already received $21,516 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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