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Chicago City Wire

Saturday, April 5, 2025

Former special education worker Albert paid in $213K to teachers' pension fund, could collect $4.08M in retirement

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Former special education worker Frankie Albert, who retired in January 2019, saved $213,257 toward a pension over 32 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Albert would collect as much as $4.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Albert received $85,694 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Albert will have already received $264,872 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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