Quantcast

West Cook News

Friday, September 19, 2025

Former state school employee Martini paid in $54K to teachers' pension fund, could collect $837K in retirement

Shutterstock 443523118

Former state school employee Michael Martini, who retired in October 2018, saved $53,895 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Martini would collect as much as $837,237, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Martini received $17,598 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Martini will have already received $54,394 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS