Quantcast

North Cook News

Tuesday, June 3, 2025

Former state school employee Woodrow paid in $208K to teachers' pension fund, could collect $4.88M in retirement

Money759

Former state school employee Susan Woodrow, who retired in July 2017, saved $208,257 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Woodrow would collect as much as $4.88 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Woodrow received $102,665 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Woodrow will have already received $208,410 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS