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Chicago City Wire

Friday, April 18, 2025

Former state school employee Clark paid in $147K to teachers' pension fund, could collect $2.53M in retirement

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Former state school employee Ellen Clark, who retired in June 2016, saved $147,075 toward a pension over 28 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Clark would collect as much as $2.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Clark received $53,213 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Clark will have already received $164,475 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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