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South Cook News

Tuesday, April 29, 2025

Former state school employee Francis paid in $148K to teachers' pension fund, could collect $3.35M in retirement

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Former state school employee Molly Francis, who retired in May 2018, saved $147,837 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Francis would collect as much as $3.35 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Francis received $70,480 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Francis will have already received $217,846 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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