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Macon Reporter

Monday, April 21, 2025

Former state school employee Hall paid in $43K to teachers' pension fund, could collect $930K in retirement

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Former state school employee Donald Hall, who retired in April 2017, saved $42,835 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hall would collect as much as $929,775, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Hall received $19,543 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hall will have already received $60,405 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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