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South Cook News

Sunday, April 20, 2025

Former state school employee Potocki paid in $50K to teachers' pension fund, could collect $679K in retirement

Money 06

Former state school employee John Potocki, who retired in July 2017, saved $49,670 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Potocki would collect as much as $678,766, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Potocki received $14,267 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Potocki will have already received $59,688 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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