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Metro East Sun

Thursday, April 17, 2025

Former state school employee Lambert paid in $111K to teachers' pension fund, could collect $2.28M in retirement

Money 08

Former state school employee Jo Lambert, who retired in May 2016, saved $110,567 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lambert would collect as much as $2.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Lambert received $47,868 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lambert will have already received $147,955 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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