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South Cook News

Monday, May 12, 2025

Former state school employee Griffith paid in $146K to teachers' pension fund, could collect $2.68M in retirement

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Former state school employee Rebecca Griffith, who retired in June 2017, saved $146,138 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Griffith would collect as much as $2.68 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Griffith received $56,316 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Griffith will have already received $174,066 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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