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Lake County Gazette

Sunday, June 29, 2025

Former state school employee Whiting paid in $104K to teachers' pension fund, could collect $1.78M in retirement

Money 06

Former state school employee Jean Whiting, who retired in June 2017, saved $103,617 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Whiting would collect as much as $1.78 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Whiting received $37,336 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Whiting will have already received $115,402 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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