Quantcast

Metro East Sun

Thursday, October 2, 2025

Former state school employee Larson paid in $155K to teachers' pension fund, could collect $3.52M in retirement

Money272

Former state school employee Barbara Larson, who retired in May 2017, saved $154,962 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Larson would collect as much as $3.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Larson received $73,920 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Larson will have already received $228,480 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS