Quantcast

Chambana Sun

Thursday, July 17, 2025

Former state school employee Gordon paid in $37K to teachers' pension fund, could collect $977K in retirement

Shutterstock 121161052

Former state school employee Mark Gordon, who retired in August 2016, saved $36,611 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Gordon would collect as much as $976,869, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Gordon received $20,533 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Gordon will have already received $41,682 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS