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Chambana Sun

Thursday, May 15, 2025

Former state school employee Rose paid in $213K to teachers' pension fund, could collect $3.65M in retirement

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Former state school employee Ricci Rose, who retired in July 2016, saved $212,949 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, Rose would collect as much as $3.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Rose received $76,698 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rose will have already received $237,066 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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