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Dupage Policy Journal

Wednesday, August 20, 2025

Former state school employee Kennedy paid in $1K to teachers' pension fund, could collect $110K in retirement

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Former state school employee Betty Kennedy, who retired in May 2018, saved $1,482 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kennedy would collect as much as $110,019, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Kennedy received $2,312 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Kennedy will have already received $2,312 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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