Chicago City Wire

Chicago City Wire

Friday, November 15, 2019

Former special education worker Lekkas paid in $175K to teachers' pension fund, could collect $3.18M in retirement

Schools

By Local Labs News Service | Aug 1, 2017

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Former special education worker Harry Lekkas, who retired in July 2017, saved $175,308 toward a pension over 34 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Lekkas would collect as much as $3.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lekkas received $66,910 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lekkas will have already received $206,812 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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