Chicago City Wire

Chicago City Wire

Friday, November 15, 2019

Former special education worker Capper paid in $56K to teachers' pension fund, could collect $875K in retirement


By Local Labs News Service | May 1, 2018

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Former special education worker Jean Capper, who retired in April 2018, saved $55,566 toward a pension over 12 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Capper would collect as much as $874,959, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Capper received $18,390 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Capper will have already received $56,842 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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