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South Cook News

Sunday, April 20, 2025

Former state school employee Greene paid in $72K to teachers' pension fund, could collect $1.32M in retirement

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Former state school employee Sheryl Greene, who retired in December 2018, saved $71,529 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, Greene would collect as much as $1.32 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Greene received $27,643 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Greene will have already received $85,441 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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