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McLean County Times

Sunday, April 13, 2025

Former state school employee Boyer paid in $169K to teachers' pension fund, could collect $3.31M in retirement

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Former state school employee Tracey Boyer, who retired in May 2018, saved $168,645 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, Boyer would collect as much as $3.31 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Boyer received $69,663 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Boyer will have already received $215,322 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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