Quantcast

North Cook News

Tuesday, May 6, 2025

Former state school employee Green paid in $185K to teachers' pension fund, could collect $4.6M in retirement

Shutterstock 373239541

Former state school employee Pamela Green, who retired in June 2016, saved $184,849 toward a pension over 38 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Green would collect as much as $4.6 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Green received $96,645 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Green will have already received $196,189 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS