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North Cook News

Monday, July 28, 2025

Former state school employee Fitzgerald paid in $63K to teachers' pension fund, could collect $1.26M in retirement

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Former state school employee Kathleen Fitzgerald, who retired in July 2018, saved $63,379 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Fitzgerald would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Fitzgerald received $26,529 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fitzgerald will have already received $81,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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