Quantcast

Sangamon Sun

Wednesday, April 16, 2025

Former state school employee Henry paid in $117K to teachers' pension fund, could collect $2.71M in retirement

Shutterstock 113962678

Former state school employee Susan Henry, who retired in May 2016, saved $117,195 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Henry would collect as much as $2.71 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Henry received $56,886 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Henry will have already received $175,830 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS