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Chicago City Wire

Sunday, August 3, 2025

Former special education worker Jansen paid in $115K to teachers' pension fund, could collect $2M in retirement

Money272

Former special education worker Jeffrey Jansen, who retired in October 2018, saved $114,870 toward a pension over 23 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Jansen would collect as much as $2 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Jansen received $42,059 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jansen will have already received $130,001 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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