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Chicago City Wire

Friday, July 11, 2025

Former state school employee Oglesby paid in $80K to teachers' pension fund, could collect $1.17M in retirement

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Former state school employee Ronald Oglesby, who retired in February 2016, saved $80,271 toward a pension over 15 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Oglesby would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Oglesby received $24,583 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Oglesby will have already received $102,845 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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