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North Cook News

Wednesday, May 14, 2025

Former state school employee Ziak paid in $182K to teachers' pension fund, could collect $4.08M in retirement

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Former state school employee Juliet Ziak, who retired in May 2017, saved $182,371 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ziak would collect as much as $4.08 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Ziak received $85,752 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ziak will have already received $265,052 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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