Quantcast

North Cook News

Saturday, August 2, 2025

Former state school employee Thornton paid in $30K to teachers' pension fund, could collect $428K in retirement

Shutterstock 434242897

Former state school employee Debra Thornton, who retired in June 2017, saved $29,721 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Thornton would collect as much as $427,596, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Thornton received $8,987 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Thornton will have already received $37,600 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