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North Cook News

Friday, April 4, 2025

Former state school employee Weiss paid in $262K to teachers' pension fund, could collect $5.52M in retirement

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Former state school employee Jean Weiss, who retired in July 2017, saved $261,776 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Weiss would collect as much as $5.52 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Weiss received $116,116 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Weiss will have already received $358,902 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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