Quantcast

North Cook News

Sunday, April 20, 2025

Former state school employee Dougherty paid in $87K to teachers' pension fund, could collect $1.34M in retirement

Shutterstock 267646277

Former state school employee Janice Dougherty, who retired in June 2017, saved $87,319 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dougherty would collect as much as $1.34 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Dougherty received $28,150 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dougherty will have already received $117,771 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS