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Chicago City Wire

Friday, April 18, 2025

Former teacher Lawson paid in $94K to teachers' pension fund, could collect $1.44M in retirement

Money 01

Former teacher Luann Lawson, who retired in June 2016, saved $93,688 toward a pension over 16 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Lawson would collect as much as $1.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lawson received $30,229 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Lawson will have already received $126,467 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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