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Dupage Policy Journal

Monday, April 21, 2025

Former state school employee McDonald paid in $76K to teachers' pension fund, could collect $1.19M in retirement

Money 01

Former state school employee Mary McDonald, who retired in June 2017, saved $75,569 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McDonald would collect as much as $1.19 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes McDonald received $24,973 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McDonald will have already received $77,189 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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