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Chicago City Wire

Thursday, April 18, 2024

Former principal Brown paid in $165K to teachers' pension fund, could collect $3.28M in retirement

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Former principal Dushon Brown, who retired in May 2016, saved $165,348 toward a pension over 30 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Brown would collect as much as $3.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Brown received $68,839 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brown will have already received $212,774 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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