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Chicago City Wire

Sunday, September 29, 2024

Former assistant principal Robertson paid in $171K to teachers' pension fund, could collect $2.44M in retirement

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Former assistant principal Kirkland Robertson, who retired in December 2016, saved $171,005 toward a pension over 30 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Robertson would collect as much as $2.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Robertson received $51,207 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Robertson will have already received $214,230 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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