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North Cook News

Sunday, April 20, 2025

Former state school employee Musial paid in $207K to teachers' pension fund, could collect $4.55M in retirement

Money759

Former state school employee John Musial, who retired in June 2017, saved $207,347 toward a pension over 39 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Musial would collect as much as $4.55 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Musial received $95,581 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Musial will have already received $295,430 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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