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Sangamon Sun

Monday, April 28, 2025

Former state school employee Maher paid in $181K to teachers' pension fund, could collect $2.58M in retirement

Money 06

Former state school employee Sandra Maher, who retired in May 2018, saved $181,271 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Maher would collect as much as $2.58 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Maher received $54,138 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Maher will have already received $226,493 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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