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Chambana Sun

Friday, June 27, 2025

Former state school employee Blackman paid in $173K to teachers' pension fund, could collect $3.48M in retirement

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Former state school employee Randy Blackman, who retired in June 2018, saved $173,496 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Blackman would collect as much as $3.48 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Blackman received $73,172 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Blackman will have already received $226,167 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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