Former physical therapist Roman Jr. paid in $109K to teachers' pension fund, could collect $1.28M in retirement

By Local Labs News Service

Dec 1, 2018

Former physical therapist Juan Roman Jr., who retired in November 2018, saved $109,243 toward a pension over 14 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Roman Jr. would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Roman Jr. received $27,000 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Roman Jr. will have already received $112,957 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Chicago Public Schools

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