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Dupage Policy Journal

Friday, April 18, 2025

Former state school employee Sunday paid in $124K to teachers' pension fund, could collect $2.26M in retirement

Money759

Former state school employee Mary Sunday, who retired in June 2016, saved $124,288 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, Sunday would collect as much as $2.26 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Sunday received $47,409 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sunday will have already received $146,536 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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