Quantcast

Chicago City Wire

Monday, August 4, 2025

Former assistant principal House paid in $171K to teachers' pension fund, could collect $4.27M in retirement

Money 08

Former assistant principal Rona House, who retired in August 2018, saved $171,139 toward a pension over 34 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, House would collect as much as $4.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes House received $89,790 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, House will have already received $182,274 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS