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Chicago City Wire

Thursday, April 18, 2024

Former substitute teacher Gordon paid in $13K to teachers' pension fund, could collect $145K in retirement

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Former substitute teacher Ulishious Gordon, who retired in April 2018, saved $13,384 toward a pension over 8 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Gordon would collect as much as $145,359, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gordon received $3,055 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Gordon will have already received $16,219 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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