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North Cook News

Sunday, April 20, 2025

Former state school employee Stiglic paid in $245K to teachers' pension fund, could collect $4.8M in retirement

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Former state school employee Thomas Stiglic, who retired in June 2017, saved $245,418 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, Stiglic would collect as much as $4.8 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Stiglic received $100,868 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stiglic will have already received $311,773 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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