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West Cook News

Friday, April 4, 2025

Former state school employee Foster paid in $164K to teachers' pension fund, could collect $4.46M in retirement

Money 06

Former state school employee Marilyn Foster, who retired in June 2018, saved $164,249 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, Foster would collect as much as $4.46 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Foster received $93,691 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Foster will have already received $190,193 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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