Quantcast

North Cook News

Saturday, August 2, 2025

Former state school employee Story paid in $175K to teachers' pension fund, could collect $3.55M in retirement

Shutterstock 434242897

Former state school employee Carolyn Story, who retired in June 2017, saved $175,301 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Story would collect as much as $3.55 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Story received $74,668 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Story will have already received $230,791 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS