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Metro East Sun

Sunday, July 20, 2025

Former state school employee Vano paid in $150K to teachers' pension fund, could collect $2.98M in retirement

Money 05

Former state school employee Cathleen Vano, who retired in May 2018, saved $150,393 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vano would collect as much as $2.98 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Vano received $62,650 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vano will have already received $193,646 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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