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Sangamon Sun

Wednesday, May 28, 2025

Former state school employee Stumpf paid in $120K to teachers' pension fund, could collect $2.22M in retirement

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Former state school employee Susan Stumpf, who retired in May 2018, saved $120,236 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stumpf would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Stumpf received $46,564 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stumpf will have already received $143,925 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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