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Chambana Sun

Saturday, June 7, 2025

Former state school employee Tilford paid in $140K to teachers' pension fund, could collect $3.01M in retirement

Money 04

Former state school employee John Tilford, who retired in May 2017, saved $139,510 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Tilford would collect as much as $3.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Tilford received $63,327 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tilford will have already received $195,738 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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