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North Cook News

Sunday, June 22, 2025

Former state school employee Polly paid in $120K to teachers' pension fund, could collect $1.86M in retirement

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Former state school employee Judy Polly, who retired in May 2018, saved $119,729 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Polly would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Polly received $39,031 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Polly will have already received $120,641 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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