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West Cook News

Friday, April 4, 2025

Former state school employee Sarno paid in $140K to teachers' pension fund, could collect $3.02M in retirement

Money 05

Former state school employee Deborah Sarno, who retired in June 2017, saved $139,535 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sarno would collect as much as $3.02 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Sarno received $63,546 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sarno will have already received $196,414 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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