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North Cook News

Saturday, June 21, 2025

Former state school employee Green paid in $96K to teachers' pension fund, could collect $1.85M in retirement

Money 01

Former state school employee Jennifer Green, who retired in June 2017, saved $96,071 toward a pension over 21 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 $1.85 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Green received $38,856 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Green will have already received $120,101 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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