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McLean County Times

Saturday, April 12, 2025

Former state school employee Myers paid in $72K to teachers' pension fund, could collect $1.25M in retirement

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Former state school employee Elizabeth Myers, who retired in May 2017, saved $72,033 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Myers would collect as much as $1.25 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Myers received $26,218 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Myers will have already received $81,038 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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