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Macon Reporter

Sunday, April 6, 2025

Former state school employee Marshall paid in $115K to teachers' pension fund, could collect $1.72M in retirement

Money041

Former state school employee Kristin Marshall, who retired in May 2016, saved $115,083 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Marshall would collect as much as $1.72 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Marshall received $36,118 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Marshall will have already received $151,106 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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