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Sangamon Sun

Tuesday, October 7, 2025

Former state school employee Vitaniemi paid in $68K to teachers' pension fund, could collect $1.21M in retirement

Money759

Former state school employee Lisa Vitaniemi, who retired in March 2016, saved $68,122 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vitaniemi would collect as much as $1.21 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Vitaniemi received $25,531 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vitaniemi will have already received $78,914 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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