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North Cook News

Wednesday, July 30, 2025

Former state school employee Barry paid in $107K to teachers' pension fund, could collect $2.17M in retirement

Money 08

Former state school employee Cynthia Barry, who retired in June 2017, saved $106,938 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Barry would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Barry received $45,686 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Barry will have already received $141,212 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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