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DeKalb Times

Friday, July 18, 2025

Former state school employee Keiser paid in $8K to teachers' pension fund, could collect $356K in retirement

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Former state school employee Nancy Keiser, who retired in January 2016, saved $8,193 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Keiser would collect as much as $356,381, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Keiser received $7,490 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Keiser will have already received $15,205 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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