Quantcast

Sangamon Sun

Wednesday, June 4, 2025

Former state school employee Hansen paid in $183K to teachers' pension fund, could collect $4.18M in retirement

Shutterstock 450769633

Former state school employee Pamela Hansen, who retired in May 2016, saved $182,772 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hansen would collect as much as $4.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Hansen received $87,959 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hansen will have already received $271,873 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS