Quantcast

Sangamon Sun

Sunday, July 20, 2025

Former state school employee Robertson paid in $122K to teachers' pension fund, could collect $2.68M in retirement

Money836

Former state school employee Nancy Robertson, who retired in May 2018, saved $121,707 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Robertson would collect as much as $2.68 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Robertson received $56,339 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Robertson will have already received $174,138 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS