CEPR logo

Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.

Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009

Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net

Close

On This Page

That little tidbit would have been useful information to include in an article on Chicago Mayor Rahm Emanuel’s plans to cut public employee pensions. The piece reports that retired workers receive:

“average annual benefits ranging from about $34,000 for a general-services retiree to $78,000 for a former teacher with 30 years of service.” 

These payments will in most cases be the vast majority of retirees’ income since workers who spent their entire careers working for the city will not be receiving Social Security benefits. It also would have been worth noting that the actual payments (rather than schedules for long-term employees) average just over $37,000 a year under the city’s main retirement fund.