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DeKalb Times

Sunday, July 20, 2025

Former state school employee Vest paid in $96K to teachers' pension fund, could collect $1.97M in retirement

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Former state school employee Carol Vest, who retired in June 2017, saved $95,989 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vest would collect as much as $1.97 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Vest received $41,452 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vest will have already received $128,125 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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