Quantcast

Lake County Gazette

Sunday, August 3, 2025

Former state school employee Roys paid in $241K to teachers' pension fund, could collect $5.04M in retirement

Shutterstock 262120544

Former state school employee Neal Roys, who retired in May 2017, saved $241,195 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, Roys would collect as much as $5.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Roys received $105,981 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roys will have already received $327,576 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS