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North Cook News

Thursday, April 3, 2025

Former state school employee Leska paid in $131K to teachers' pension fund, could collect $2.32M in retirement

Money 05

Former state school employee Loretta Leska, who retired in June 2018, saved $131,211 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Leska would collect as much as $2.32 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Leska received $48,698 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leska will have already received $150,521 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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