Quantcast

South Cook News

Saturday, July 26, 2025

Former state school employee Coffey paid in $227K to teachers' pension fund, could collect $5.26M in retirement

Shutterstock 225154648

Former state school employee Cecelia Coffey, who retired in July 2017, saved $227,050 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Coffey would collect as much as $5.26 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Coffey received $110,529 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Coffey will have already received $341,634 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS