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North Cook News

Monday, April 28, 2025

Former state school employee Bartlett paid in $210K to teachers' pension fund, could collect $3.96M in retirement

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Former state school employee Lisa Bartlett, who retired in June 2016, saved $209,988 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bartlett would collect as much as $3.96 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Bartlett received $83,292 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bartlett will have already received $257,448 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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