Quantcast

West Cook News

Saturday, July 12, 2025

Former state school employee Deckert paid in $95K to teachers' pension fund, could collect $2.11M in retirement

Shutterstock 65427295

Former state school employee Diane Deckert, who retired in June 2018, saved $95,348 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Deckert would collect as much as $2.11 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Deckert received $44,322 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Deckert will have already received $136,996 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS