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South Cook News

Wednesday, April 24, 2024

Former state school employee Laski paid in $85K to teachers' pension fund, could collect $1.36M in retirement

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Former state school employee Barbara Laski, who retired in June 2018, saved $85,243 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Laski would collect as much as $1.36 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Laski received $28,498 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Laski will have already received $88,085 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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