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Chicago City Wire

Tuesday, August 5, 2025

Former state school employee Gollias paid in $37K to teachers' pension fund, could collect $2.88M in retirement

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Former state school employee George Gollias, who retired in May 2018, saved $36,818 toward a pension over 11 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Gollias would collect as much as $2.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gollias received $60,634 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Gollias will have already received $60,634 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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