Chicago City Wire

Chicago City Wire

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Former school counselor Clark Harvey paid in $141K to teachers' pension fund, could collect $2.61M in retirement

Schools

By Local Labs News Service | Aug 1, 2017

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Former school counselor Jewel Clark Harvey, who retired in July 2017, saved $141,222 toward a pension over 28 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Clark Harvey would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Clark Harvey received $54,922 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Clark Harvey will have already received $169,759 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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