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Chicago City Wire

Saturday, August 2, 2025

Former substitute teacher Thompson paid in $115K to teachers' pension fund, could collect $2.41M in retirement

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Former substitute teacher Elizabeth Thompson, who retired in November 2018, saved $114,570 toward a pension over 30 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Thompson would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Thompson received $50,702 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thompson will have already received $156,715 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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