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South Cook News

Saturday, April 5, 2025

Former state school employee McInerney paid in $4K to teachers' pension fund, could collect $96K in retirement

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Former state school employee Winifred McInerney, who retired in August 2017, saved $3,552 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McInerney would collect as much as $96,077, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes McInerney received $2,019 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McInerney will have already received $4,099 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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