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South Cook News

Saturday, October 11, 2025

Former state school employee Sullivan paid in $132K to teachers' pension fund, could collect $2.66M in retirement

Money 04

Former state school employee Patricia Sullivan, who retired in June 2017, saved $132,412 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sullivan would collect as much as $2.66 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Sullivan received $55,842 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sullivan will have already received $172,602 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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