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West Cook News

Tuesday, August 5, 2025

Former state school employee Cushing paid in $163K to teachers' pension fund, could collect $3.88M in retirement

Money272

Former state school employee Paul Cushing, who retired in June 2018, saved $163,348 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cushing would collect as much as $3.88 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Cushing received $81,491 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Cushing will have already received $165,427 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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