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Chicago City Wire

Monday, November 25, 2024

Former principal Strojny paid in $203K to teachers' pension fund, could collect $5.16M in retirement

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Former principal Marilyn Strojny, who retired in April 2016, saved $202,904 toward a pension over 46 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Strojny would collect as much as $5.16 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Strojny received $108,499 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Strojny will have already received $220,253 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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