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South Cook News

Thursday, June 26, 2025

Former state school employee Scanlan paid in $76K to teachers' pension fund, could collect $1.1M in retirement

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Former state school employee Jeanne Scanlan, who retired in June 2016, saved $75,709 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Scanlan would collect as much as $1.1 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Scanlan received $23,039 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Scanlan will have already received $96,386 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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