Quantcast

DeKalb Times

Friday, June 20, 2025

Former state school employee Paver paid in $100K to teachers' pension fund, could collect $2.41M in retirement

Money 06

Former state school employee Lynne Paver, who retired in May 2017, saved $100,307 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Paver would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Paver received $50,555 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Paver will have already received $102,627 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS