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South Cook News

Sunday, April 20, 2025

Former state school employee Riley paid in $237K to teachers' pension fund, could collect $4.7M in retirement

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Former state school employee Mark Riley, who retired in May 2017, saved $236,976 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Riley would collect as much as $4.7 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Riley received $98,857 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Riley will have already received $305,558 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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