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Lake County Gazette

Sunday, April 20, 2025

Former state school employee Travis paid in $183K to teachers' pension fund, could collect $3.58M in retirement

Money 04

Former state school employee Linda Travis, who retired in June 2018, saved $183,204 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Travis would collect as much as $3.58 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Travis received $75,213 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Travis will have already received $232,475 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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