Quantcast

Metro East Sun

Monday, October 27, 2025

Former state school employee Graham paid in $104K to teachers' pension fund, could collect $2.04M in retirement

Money041

Former state school employee Carol Graham, who retired in May 2016, saved $103,543 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Graham would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Graham received $42,972 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Graham will have already received $132,822 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS