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South Cook News

Sunday, April 20, 2025

Former state school employee Clark paid in $109K to teachers' pension fund, could collect $2.28M in retirement

Money 04

Former state school employee Nancy Clark, who retired in November 2018, saved $109,256 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Clark would collect as much as $2.28 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Clark received $47,847 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Clark will have already received $147,889 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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