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East Central Reporter

Sunday, April 13, 2025

Former state school employee Moore paid in $71K to teachers' pension fund, could collect $1.25M in retirement

Money041

Former state school employee Susan Moore, who retired in May 2017, saved $70,581 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Moore would collect as much as $1.25 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Moore received $26,287 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Moore will have already received $81,251 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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