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Sangamon Sun

Saturday, June 14, 2025

Former state school employee Snyder paid in $119K to teachers' pension fund, could collect $2.35M in retirement

Money 04

Former state school employee Elizabeth Snyder, who retired in May 2017, saved $118,623 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Snyder would collect as much as $2.35 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Snyder received $49,311 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Snyder will have already received $152,415 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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