Quantcast

West Cook News

Saturday, July 5, 2025

Former state school employee Jansen paid in $194K to teachers' pension fund, could collect $2.88M in retirement

Shutterstock 262120544

Former state school employee Jane Jansen, who retired in June 2017, saved $194,463 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jansen would collect as much as $2.88 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Jansen received $60,453 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Jansen will have already received $252,914 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS