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Dupage Policy Journal

Monday, December 23, 2024

Former state school employee Ryan paid in $114K to teachers' pension fund, could collect $2.07M in retirement

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Former state school employee Robin Ryan, who retired in June 2018, saved $113,624 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ryan would collect as much as $2.07 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Ryan received $43,516 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ryan will have already received $134,503 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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