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Metro East Sun

Sunday, July 20, 2025

Former state school employee Harmon paid in $88K to teachers' pension fund, could collect $1.31M in retirement

Money272

Former state school employee Pamela Harmon, who retired in May 2017, saved $87,922 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, Harmon would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Harmon received $27,634 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Harmon will have already received $115,611 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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