Quantcast

South Cook News

Monday, July 7, 2025

Former state school employee Buckley paid in $101K to teachers' pension fund, could collect $2.17M in retirement

Shutterstock 197358977

Former state school employee Margaret Buckley, who retired in May 2017, saved $100,632 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, Buckley would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Buckley received $45,688 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Buckley will have already received $141,218 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