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Dupage Policy Journal

Monday, April 28, 2025

Former state school employee Loyer paid in $236K to teachers' pension fund, could collect $4.7M in retirement

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Former state school employee Karen Loyer, who retired in June 2016, saved $235,818 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Loyer would collect as much as $4.7 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Loyer received $98,858 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Loyer will have already received $305,561 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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