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Dupage Policy Journal

Thursday, June 26, 2025

Former state school employee Geiger paid in $122K to teachers' pension fund, could collect $2.18M in retirement

Money 07

Former state school employee Gwen Geiger, who retired in June 2017, saved $121,890 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Geiger would collect as much as $2.18 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Geiger received $45,810 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Geiger will have already received $141,594 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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