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Chicago City Wire

Wednesday, August 6, 2025

Former teacher Hopkins paid in $115K to teachers' pension fund, could collect $1.98M in retirement

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Former teacher Marcia Hopkins, who retired in February 2018, saved $114,775 toward a pension over 21 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Hopkins would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hopkins received $41,670 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hopkins will have already received $128,798 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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