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Will County Gazette

Tuesday, June 3, 2025

Former state school employee Milosevich paid in $108K to teachers' pension fund, could collect $2.05M in retirement

Money 08

Former state school employee Diane Milosevich, who retired in June 2017, saved $108,271 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Milosevich would collect as much as $2.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Milosevich received $43,068 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Milosevich will have already received $133,119 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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