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North Cook News

Monday, July 7, 2025

Former state school employee Cohen paid in $150K to teachers' pension fund, could collect $3.52M in retirement

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Former state school employee Shelley Cohen, who retired in July 2017, saved $149,640 toward a pension over 27 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 $3.52 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Cohen received $74,001 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Cohen will have already received $150,222 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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