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Peoria Standard

Friday, March 14, 2025

Former state school employee Carpentier paid in $142K to teachers' pension fund, could collect $2.85M in retirement

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Former state school employee Pamela Carpentier, who retired in June 2016, saved $142,268 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Carpentier would collect as much as $2.85 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Carpentier received $59,904 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Carpentier will have already received $185,157 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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