Chicago City Wire

Chicago City Wire

Friday, November 15, 2019

Former teacher Rieger paid in $115K to teachers' pension fund, could collect $1.96M in retirement


By Local Labs News Service | May 1, 2018

Shutterstock 381111379

Former teacher Donna Rieger, who retired in April 2018, saved $114,557 toward a pension over 23 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Rieger would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Rieger received $41,266 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rieger will have already received $127,549 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Chicago Public Schools ?

Sign-up Next time we write about Chicago Public Schools, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Chicago Public Schools

More News