Chicago City Wire

Former teacher Pamela Black, who retired in July 2018, saved $139,882 toward a pension over 27 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Black would collect as much as $2.62 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Black received $55,030 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Black will have already received $170,092 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.