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Chicago City Wire

Tuesday, April 30, 2024

Former special education worker Esco paid in $135K to teachers' pension fund, could collect $2.56M in retirement

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Former special education worker Judy Esco, who retired in February 2016, saved $134,775 toward a pension over 31 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Esco would collect as much as $2.56 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Esco received $53,733 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Esco will have already received $166,083 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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