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North Cook News

Thursday, June 5, 2025

Former state school employee Oshea paid in $208K to teachers' pension fund, could collect $4.25M in retirement

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Former state school employee Joseph Oshea, who retired in June 2017, saved $207,987 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Oshea would collect as much as $4.25 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Oshea received $89,241 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Oshea will have already received $275,835 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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