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South Cook News

Saturday, June 7, 2025

Former state school employee Brown paid in $130K to teachers' pension fund, could collect $1.94M in retirement

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Former state school employee Margo Brown, who retired in May 2017, saved $129,981 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Brown would collect as much as $1.94 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Brown received $40,862 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Brown will have already received $170,953 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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