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North Cook News

Sunday, April 20, 2025

Former state school employee Doeseckle paid in $99K to teachers' pension fund, could collect $1.42M in retirement

Money 08

Former state school employee Mary Doeseckle, who retired in June 2017, saved $98,604 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Doeseckle would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Doeseckle received $29,880 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Doeseckle will have already received $125,005 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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