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Metro East Sun

Sunday, July 20, 2025

Former state school employee Graf paid in $159K to teachers' pension fund, could collect $3.26M in retirement

Money 04

Former state school employee Samuel Graf, who retired in May 2017, saved $159,405 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, Graf would collect as much as $3.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Graf received $68,622 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Graf will have already received $212,104 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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