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South Cook News

Sunday, October 12, 2025

Former state school employee Mulry paid in $129K to teachers' pension fund, could collect $2.47M in retirement

Money 05

Former state school employee Mary Mulry, who retired in June 2017, saved $129,364 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mulry would collect as much as $2.47 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Mulry received $51,854 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mulry will have already received $160,276 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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