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North Cook News

Sunday, June 22, 2025

Former state school employee Goldstein paid in $168K to teachers' pension fund, could collect $3.05M in retirement

Money041

Former state school employee Elaine Goldstein, who retired in May 2018, saved $167,519 toward a pension over 29 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 $3.05 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Goldstein received $64,185 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Goldstein will have already received $198,390 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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