Quantcast

Chicago City Wire

Monday, August 4, 2025

Former state school employee Edwards paid in $34K to teachers' pension fund, could collect $755K in retirement

Money759

Former state school employee Pamela Edwards, who retired in July 2018, saved $34,135 toward a pension over 11 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Edwards would collect as much as $755,174, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Edwards received $15,873 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Edwards will have already received $49,061 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS