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North Cook News

Sunday, April 6, 2025

Former state school employee Levin paid in $275K to teachers' pension fund, could collect $5.83M in retirement

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Former state school employee Janet Levin, who retired in June 2018, saved $274,958 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Levin would collect as much as $5.83 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Levin received $122,643 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Levin will have already received $379,077 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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