Quantcast

North Cook News

Saturday, May 10, 2025

Former state school employee Oshaughnessy paid in $144K to teachers' pension fund, could collect $2.29M in retirement

Shutterstock 197358977

Former state school employee Kathleen Oshaughnessy, who retired in June 2016, saved $144,465 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Oshaughnessy would collect as much as $2.29 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Oshaughnessy received $48,134 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Oshaughnessy will have already received $148,777 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS