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North Cook News

Sunday, April 27, 2025

Former state school employee Aikens paid in $280K to teachers' pension fund, could collect $5.84M in retirement

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Former state school employee James Aikens, who retired in May 2017, saved $280,086 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Aikens would collect as much as $5.84 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Aikens received $122,825 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Aikens will have already received $379,640 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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