West Cook News

West Cook News

Wednesday, April 1, 2020

Former state school employee Vander Weyden paid in $127K to teachers' pension fund, could collect $3.32M in retirement

Schools

By West Cook News | Mar 1, 2017

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Former state school employee Pamela Jo Vander Weyden, who retired in February 2017, saved $127,309 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vander Weyden would collect as much as $3.32 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Vander Weyden received $69,680 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Vander Weyden will have already received $141,450 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Lyons Township High School District 204

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