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North Cook News

Monday, April 28, 2025

Former state school employee Crothers paid in $149K to teachers' pension fund, could collect $3.32M in retirement

Money 05

Former state school employee Janice Crothers, who retired in May 2017, saved $149,142 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Crothers would collect as much as $3.32 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Crothers received $69,798 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Crothers will have already received $215,739 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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