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Dupage Policy Journal

Saturday, June 21, 2025

Former state school employee Runne paid in $202K to teachers' pension fund, could collect $4.46M in retirement

Money 02

Former state school employee Joan Runne, who retired in June 2016, saved $202,013 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, Runne would collect as much as $4.46 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Runne received $93,831 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Runne will have already received $290,022 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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