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North Cook News

Thursday, June 19, 2025

Former state school employee Nystrom paid in $168K to teachers' pension fund, could collect $3.5M in retirement

Money 04

Former state school employee Alison Nystrom, who retired in June 2016, saved $167,976 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Nystrom would collect as much as $3.5 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Nystrom received $73,526 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nystrom will have already received $227,262 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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