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Former state school employee Cohen paid in $186K to teachers' pension fund, could collect $4.02M in retirement

Schools

By Local Labs News Service | Jul 1, 2016

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Former state school employee Linna Cohen, who retired in June 2016, saved $185,813 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cohen would collect as much as $4.02 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Cohen received $84,581 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cohen will have already received $261,431 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Park Ridge-Niles Community Consolidated School District 64

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