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West Cook News

Tuesday, April 22, 2025

Former state school employee Lopresti paid in $171K to teachers' pension fund, could collect $2.46M in retirement

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Former state school employee Peter Lopresti, who retired in May 2017, saved $170,715 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lopresti would collect as much as $2.46 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Lopresti received $51,730 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Lopresti will have already received $216,418 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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