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Dupage Policy Journal

Thursday, April 3, 2025

Former state school employee Coster paid in $258K to teachers' pension fund, could collect $5.17M in retirement

Money 02

Former state school employee Laura Coster, who retired in June 2017, saved $257,728 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, Coster would collect as much as $5.17 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Coster received $108,748 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Coster will have already received $336,128 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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