Chicago City Wire

Former teacher Carlton Young, who retired in March 2018, saved $85,529 toward a pension over 27 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Young would collect as much as $1.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Young received $35,666 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Young will have already received $110,240 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.