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Dupage Policy Journal

Tuesday, April 1, 2025

Former state school employee Johansen paid in $163K to teachers' pension fund, could collect $3.92M in retirement

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Former state school employee Denise Johansen, who retired in June 2017, saved $163,157 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Johansen would collect as much as $3.92 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Johansen received $82,488 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Johansen will have already received $167,451 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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