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Chicago City Wire

Monday, August 4, 2025

Former school social worker Vincent paid in $129K to teachers' pension fund, could collect $2.38M in retirement

Money 06

Former school social worker Kevin Vincent, who retired in July 2018, saved $128,801 toward a pension over 24 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Vincent would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Vincent received $49,981 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vincent will have already received $154,485 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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