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Dupage Policy Journal

Friday, April 26, 2024

Former state school employee Pope paid in $151K to teachers' pension fund, could collect $3.65M in retirement

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Former state school employee Anita Pope, who retired in May 2018, saved $150,615 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pope would collect as much as $3.65 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Pope received $76,626 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Pope will have already received $155,551 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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