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South Cook News

Sunday, April 20, 2025

Former state school employee Inglis paid in $84K to teachers' pension fund, could collect $1.9M in retirement

Money 03

Former state school employee Valerie Inglis, who retired in June 2017, saved $84,180 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Inglis would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Inglis received $39,981 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Inglis will have already received $123,576 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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