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North Cook News

Sunday, April 27, 2025

Former state school employee Dennhardt paid in $263K to teachers' pension fund, could collect $5.56M in retirement

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Former state school employee Lauren Dennhardt, who retired in May 2017, saved $263,378 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dennhardt would collect as much as $5.56 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Dennhardt received $116,931 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dennhardt will have already received $361,422 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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