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Chicago City Wire

Monday, August 4, 2025

Former principal Ryczek paid in $187K to teachers' pension fund, could collect $4.57M in retirement

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Former principal Martin Ryczek, who retired in June 2018, saved $187,432 toward a pension over 33 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Ryczek would collect as much as $4.57 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ryczek received $96,081 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Ryczek will have already received $195,044 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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