Quantcast

North Cook News

Tuesday, July 22, 2025

Former state school employee Drews paid in $198K to teachers' pension fund, could collect $4.38M in retirement

Shutterstock 233512279

Former state school employee Paula Drews, who retired in June 2016, saved $197,660 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Drews would collect as much as $4.38 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Drews received $91,967 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Drews will have already received $284,261 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS