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Chicago City Wire

Friday, May 9, 2025

Former bilingual teacher McFaul paid in $159K to teachers' pension fund, could collect $3.26M in retirement

Money 03

Former bilingual teacher Isabel McFaul, who retired in July 2016, saved $159,318 toward a pension over 34 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, McFaul would collect as much as $3.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McFaul received $68,586 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McFaul will have already received $211,993 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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