Quantcast

Sangamon Sun

Sunday, June 29, 2025

Former state school employee Saxby paid in $97K to teachers' pension fund, could collect $1.31M in retirement

Shutterstock 197358977

Former state school employee Cynthia Saxby, who retired in October 2016, saved $96,531 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Saxby would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Saxby received $27,452 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Saxby will have already received $114,850 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS