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North Cook News

Monday, June 30, 2025

Former state school employee Figel paid in $193K to teachers' pension fund, could collect $3.92M in retirement

Money 05

Former state school employee Nancy Figel, who retired in June 2018, saved $192,550 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, Figel would collect as much as $3.92 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Figel received $82,308 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Figel will have already received $254,405 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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