Chicago City Wire

Former state school employee Sharon Hinton, who retired in March 2019, saved $140,749 toward a pension over 26 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Hinton would collect as much as $2.8 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hinton received $58,929 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hinton will have already received $182,144 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.