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Chicago City Wire

Saturday, April 19, 2025

Former teacher Onuoha paid in $129K to teachers' pension fund, could collect $2.4M in retirement

Money272

Former teacher Julie Onuoha, who retired in July 2016, saved $129,289 toward a pension over 27 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Onuoha would collect as much as $2.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Onuoha received $50,458 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Onuoha will have already received $155,961 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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