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Sangamon Sun

Friday, June 13, 2025

Former state school employee Schoeck paid in $246K to teachers' pension fund, could collect $5.56M in retirement

Money759

Former state school employee Jodi Schoeck, who retired in May 2018, saved $246,422 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, Schoeck would collect as much as $5.56 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Schoeck received $116,845 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Schoeck will have already received $361,156 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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