Former state school employee Smithhisler paid in $205K to teachers' pension fund, could collect $5.67M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Judith Smithhisler, who retired in May 2018, saved $205,474 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, Smithhisler would collect as much as $5.67 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Smithhisler received $119,238 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Smithhisler will have already received $242,053 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Vernon Hills Community High School District 128

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