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North Cook News

Friday, June 20, 2025

Former state school employee Ginsburg paid in $203K to teachers' pension fund, could collect $4.91M in retirement

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Former state school employee Aleece Ginsburg, who retired in June 2018, saved $203,190 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ginsburg would collect as much as $4.91 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Ginsburg received $103,115 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ginsburg will have already received $209,323 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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