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Sangamon Sun

Thursday, September 11, 2025

Former state school employee Green paid in $103K to teachers' pension fund, could collect $2.17M in retirement

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Former state school employee Joan Green, who retired in May 2016, saved $102,714 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Green would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Green received $45,578 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Green will have already received $140,876 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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