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South Cook News

Saturday, October 4, 2025

Former state school employee Lavin paid in $15K to teachers' pension fund, could collect $225K in retirement

Money272

Former state school employee Martin Lavin, who retired in November 2017, saved $15,198 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lavin would collect as much as $225,404, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Lavin received $4,737 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Lavin will have already received $19,817 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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