Quantcast

Will County Gazette

Friday, March 14, 2025

Former state school employee Hudolin paid in $134K to teachers' pension fund, could collect $3.08M in retirement

Shutterstock 249974521

Former state school employee Deborah Hudolin, who retired in June 2018, saved $133,590 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hudolin would collect as much as $3.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Hudolin received $64,769 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hudolin will have already received $200,194 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS