Quantcast

Rockford Sun

Saturday, June 14, 2025

Former state school employee Benning paid in $133K to teachers' pension fund, could collect $3.07M in retirement

Shutterstock 65427295

Former state school employee Joan Benning, who retired in June 2016, saved $132,993 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Benning would collect as much as $3.07 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.

The projection assumes Benning received $64,451 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Benning will have already received $199,213 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS