Quantcast

Will County Gazette

Friday, July 4, 2025

Former state school employee Scott paid in $87K to teachers' pension fund, could collect $2.2M in retirement

Shutterstock 443523112

Former state school employee Susan Scott, who retired in June 2017, saved $86,841 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Scott would collect as much as $2.2 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Scott received $46,210 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Scott will have already received $93,806 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS