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Chicago City Wire

Tuesday, April 30, 2024

Former school social worker Moises paid in $128K to teachers' pension fund, could collect $2.38M in retirement

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Former school social worker Jennie Moises, who retired in February 2016, saved $128,225 toward a pension over 25 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Moises would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Moises received $49,965 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Moises will have already received $154,437 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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