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McLean County Times

Saturday, June 28, 2025

Former state school employee Everson paid in $137K to teachers' pension fund, could collect $3.11M in retirement

Money 04

Former state school employee Joan Everson, who retired in May 2017, saved $136,752 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, Everson would collect as much as $3.11 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Everson received $65,341 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Everson will have already received $201,962 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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