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Lake County Gazette

Sunday, June 29, 2025

Former state school employee Williams paid in $171K to teachers' pension fund, could collect $3.85M in retirement

Money272

Former state school employee Jacqueline Williams, who retired in June 2016, saved $171,364 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $3.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Williams received $80,916 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $250,102 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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