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North Cook News

Saturday, August 2, 2025

Former state school employee Freeman paid in $177K to teachers' pension fund, could collect $3.37M in retirement

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Former state school employee Francine Freeman, who retired in June 2018, saved $177,194 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Freeman would collect as much as $3.37 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Freeman received $70,849 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Freeman will have already received $218,986 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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