Quantcast

Chicago City Wire

Friday, September 26, 2025

Former teacher Muhammad paid in $136K to teachers' pension fund, could collect $2.89M in retirement

Money 07

Former teacher Maria Muhammad, who retired in March 2016, saved $136,268 toward a pension over 30 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Muhammad would collect as much as $2.89 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Muhammad received $60,672 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Muhammad will have already received $187,531 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS