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North Cook News

Sunday, April 20, 2025

Former state school employee Bretz paid in $124K to teachers' pension fund, could collect $2.01M in retirement

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Former state school employee Sharon Bretz, who retired in May 2018, saved $123,888 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bretz would collect as much as $2.01 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Bretz received $42,181 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bretz will have already received $130,376 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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