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Metro East Sun

Monday, April 21, 2025

Former state school employee Logan paid in $94K to teachers' pension fund, could collect $1.67M in retirement

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Former state school employee Sharon Logan, who retired in May 2017, saved $94,229 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Logan would collect as much as $1.67 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Logan received $35,059 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Logan will have already received $108,364 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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