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Metro East Sun

Friday, June 27, 2025

Former state school employee Greene paid in $115K to teachers' pension fund, could collect $2.6M in retirement

Money 07

Former state school employee Harry Greene, who retired in May 2016, saved $114,878 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Greene would collect as much as $2.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Greene received $54,612 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Greene will have already received $168,800 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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