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Chicago City Wire

Wednesday, April 24, 2024

Former special education worker Kitchen Fitzpatrick paid in $123K to teachers' pension fund, could collect $2.24M in retirement

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Former special education worker Darlene Kitchen Fitzpatrick, who retired in March 2019, saved $123,319 toward a pension over 24 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Kitchen Fitzpatrick would collect as much as $2.24 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Kitchen Fitzpatrick received $47,187 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kitchen Fitzpatrick will have already received $145,851 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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