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Metro East Sun

Wednesday, July 2, 2025

Former state school employee Luner paid in $112K to teachers' pension fund, could collect $1.71M in retirement

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Former state school employee Anne Luner, who retired in May 2017, saved $111,691 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Luner would collect as much as $1.71 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Luner received $35,855 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Luner will have already received $150,005 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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