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North Cook News

Sunday, July 6, 2025

Former state school employee Becker paid in $132K to teachers' pension fund, could collect $2.56M in retirement

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Former state school employee Laura Becker, who retired in June 2016, saved $132,466 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Becker would collect as much as $2.56 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Becker received $53,849 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Becker will have already received $166,441 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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