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Dupage Policy Journal

Monday, May 20, 2024

Former state school employee Wilson paid in $112K to teachers' pension fund, could collect $2.54M in retirement

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Former state school employee Vickie Wilson, who retired in May 2016, saved $111,509 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, Wilson would collect as much as $2.54 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Wilson received $53,322 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilson will have already received $164,814 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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