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Chicago City Wire

Saturday, August 2, 2025

Former special education worker Carlson paid in $114K to teachers' pension fund, could collect $1.92M in retirement

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Former special education worker Marilyn Carlson, who retired in March 2019, saved $114,499 toward a pension over 20 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Carlson would collect as much as $1.92 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Carlson received $40,307 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Carlson will have already received $124,584 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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