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South Cook News

Sunday, September 14, 2025

Former state school employee Rasmussen paid in $184K to teachers' pension fund, could collect $2.95M in retirement

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Former state school employee Jean Rasmussen, who retired in May 2018, saved $184,257 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, Rasmussen would collect as much as $2.95 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Rasmussen received $62,027 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rasmussen will have already received $191,720 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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