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North Cook News

Monday, March 31, 2025

Former state school employee Arias paid in $148K to teachers' pension fund, could collect $2.73M in retirement

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Former state school employee Nancy Arias, who retired in June 2016, saved $147,990 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Arias would collect as much as $2.73 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Arias received $57,335 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Arias will have already received $177,217 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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