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South West Illinois News

Thursday, April 3, 2025

Former state school employee Decker paid in $119K to teachers' pension fund, could collect $2.32M in retirement

Money 02

Former state school employee Kathy Decker, who retired in May 2017, saved $119,175 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Decker would collect as much as $2.32 million, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.

The projection assumes Decker received $48,751 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Decker will have already received $150,685 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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