Quantcast

West Cook News

Monday, June 23, 2025

Former state school employee Brennan paid in $80K to teachers' pension fund, could collect $1.28M in retirement

Shutterstock 443523112

Former state school employee Seamus Brennan, who retired in June 2017, saved $80,372 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Brennan would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Brennan received $26,837 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brennan will have already received $82,950 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