Quantcast

North Cook News

Tuesday, May 6, 2025

Former state school employee Capsuto paid in $182K to teachers' pension fund, could collect $5.02M in retirement

Money836

Former state school employee Sandra Capsuto, who retired in June 2017, saved $181,809 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Capsuto would collect as much as $5.02 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Capsuto received $105,475 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Capsuto will have already received $214,114 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS