Quantcast

South Cook News

Saturday, August 2, 2025

Former state school employee Ross paid in $84K to teachers' pension fund, could collect $1.29M in retirement

Shutterstock 443523112

Former state school employee Chardel Ross, who retired in June 2017, saved $84,091 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ross would collect as much as $1.29 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Ross received $27,137 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ross will have already received $113,532 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS