Quantcast

Sangamon Sun

Saturday, June 14, 2025

Former state school employee Williams paid in $128K to teachers' pension fund, could collect $2.64M in retirement

Shutterstock 434242897

Former state school employee Marla Williams, who retired in May 2016, saved $128,311 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $2.64 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Williams received $55,556 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $171,719 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS