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Metro East Sun

Saturday, June 28, 2025

Former state school employee Switzer paid in $134K to teachers' pension fund, could collect $2.6M in retirement

Money 02

Former state school employee Janet Switzer, who retired in May 2018, saved $134,324 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Switzer would collect as much as $2.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Switzer received $54,731 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Switzer will have already received $169,168 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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