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North Cook News

Sunday, December 22, 2024

Report: Average pensioner in Chicago Teachers' Pension Fund earns $70,103 per year

Salary0283

The Chicago Teachers' Pension Fund had 29,543 active participants receiving an average salary of $70,103 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.

The DOI biennial report shows active Chicago Teachers' Pension Fund participants earned $2,071,040,979 in total salaries in 2016.

Statewide, there are 591,687 active pensioners in the state's 666 public retirement systems and pension funds. The average salary is $56,467. In all, active pension fund participants earned $18,095,309,637 in total salaries.

Chicago Teachers' Pension Fund average salary over 5 years
20122013201420152016Change 2012-2016
Active pensioners30,36630,96930,65429,70629,543-823
Average salary$69,757$69,321$70,133$72,565$70,103$346

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