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North Cook News

Sunday, June 1, 2025

Former state school employee Cooke paid in $169K to teachers' pension fund, could collect $3.67M in retirement

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Former state school employee Joanne Cooke, who retired in June 2018, saved $169,378 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, Cooke would collect as much as $3.67 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Cooke received $77,211 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cooke will have already received $238,651 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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