Quantcast

South Cook News

Friday, June 6, 2025

Former state school employee Wojcik paid in $173K to teachers' pension fund, could collect $3.85M in retirement

Money272

Former state school employee Ted Wojcik, who retired in June 2017, saved $172,751 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wojcik would collect as much as $3.85 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Wojcik received $80,842 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wojcik will have already received $249,874 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