Chicago City Wire

Chicago City Wire

Wednesday, November 20, 2019

Former teacher and speech pathologist Hatfield paid in $110K to teachers' pension fund, could collect $1.61M in retirement

Schools

By Local Labs News Service | Aug 1, 2017

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Former teacher and speech pathologist Kathleen Hatfield, who retired in July 2017, saved $109,879 toward a pension over 17 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Hatfield would collect as much as $1.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hatfield received $33,757 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Hatfield will have already received $141,227 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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