Chicago City Wire

Former teacher Dorothy Johnson, who retired in July 2018, saved $155,196 toward a pension over 28 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Johnson would collect as much as $2.81 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Johnson received $59,167 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Johnson will have already received $182,879 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.