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McLean County Times

Saturday, April 12, 2025

Former state school employee Scott paid in $151K to teachers' pension fund, could collect $3.25M in retirement

Money759

Former state school employee Pamela Scott, who retired in May 2018, saved $151,257 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, Scott would collect as much as $3.25 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Scott received $68,404 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Scott will have already received $211,430 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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