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South Cook News

Saturday, April 5, 2025

Former state school employee Butler paid in $74K to teachers' pension fund, could collect $1.17M in retirement

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Former state school employee Geraldine Butler, who retired in June 2017, saved $73,591 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, Butler would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Butler received $24,599 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Butler will have already received $76,033 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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