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Chicago City Wire

Friday, April 26, 2024

Former substitute teacher Kulubally paid in $10K to teachers' pension fund, could collect $132K in retirement

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Former substitute teacher Mansong Kulubally, who retired in February 2019, saved $9,649 toward a pension over 6 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Kulubally would collect as much as $132,004, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kulubally received $2,774 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kulubally will have already received $11,605 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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