Quantcast

DeKalb Times

Wednesday, April 23, 2025

Former state school employee Tyler paid in $112K to teachers' pension fund, could collect $2.3M in retirement

Shutterstock 225154648

Former state school employee Gloria Tyler, who retired in May 2017, saved $111,930 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Tyler would collect as much as $2.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Tyler received $48,300 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tyler will have already received $149,290 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS