Chicago City Wire

Former teacher Cheryl Henry, who retired in July 2018, saved $150,435 toward a pension over 33 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Henry would collect as much as $3.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Henry received $70,250 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Henry will have already received $217,137 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.