Quantcast

North Cook News

Sunday, April 20, 2025

Former state school employee Saylor paid in $18K to teachers' pension fund, could collect $216K in retirement

Shutterstock 373239541

Former state school employee Pamela Saylor, who retired in March 2017, saved $17,999 toward a pension over 3 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Saylor would collect as much as $216,281, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Saylor received $4,546 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Saylor will have already received $19,017 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