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Sangamon Sun

Saturday, June 7, 2025

Former state school employee Saucier paid in $118K to teachers' pension fund, could collect $2.7M in retirement

Money 04

Former state school employee Carolyn Saucier, who retired in May 2017, saved $118,211 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, Saucier would collect as much as $2.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Saucier received $56,736 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Saucier will have already received $175,365 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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