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North Cook News

Wednesday, April 2, 2025

Former state school employee Goldstein paid in $148K to teachers' pension fund, could collect $2.74M in retirement

Money 02

Former state school employee Sharon Goldstein, who retired in June 2016, saved $148,091 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Goldstein would collect as much as $2.74 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Goldstein received $57,577 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Goldstein will have already received $177,964 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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