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West Cook News

Saturday, July 5, 2025

Former state school employee Williams paid in $150K to teachers' pension fund, could collect $2.87M in retirement

Money041

Former state school employee Patricia Williams, who retired in June 2017, saved $150,316 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $2.87 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Williams received $60,413 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $186,730 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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