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Chicago City Wire

Thursday, April 3, 2025

Former teacher Candelaria paid in $126K to teachers' pension fund, could collect $2.1M in retirement

Money 04

Former teacher Ana Candelaria, who retired in February 2016, saved $126,144 toward a pension over 22 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Candelaria would collect as much as $2.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Candelaria received $44,245 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Candelaria will have already received $136,756 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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