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North Cook News

Sunday, December 22, 2024

Former administrator Jurinek paid in $55K to teachers' pension fund, could collect $733K in retirement

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Former administrator Robert Jurinek, who retired in April 2017, saved $54,863 toward a pension over 8 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Jurinek would collect as much as $733,324, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Jurinek received $15,413 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Jurinek will have already received $64,481 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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