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Rockford Sun

Thursday, April 17, 2025

Former state school employee Ekstrom paid in $90K to teachers' pension fund, could collect $1.76M in retirement

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Former state school employee Susan Ekstrom, who retired in June 2016, saved $89,666 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ekstrom would collect as much as $1.76 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.

The projection assumes Ekstrom received $36,928 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ekstrom will have already received $114,141 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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