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Peoria Standard

Sunday, June 29, 2025

Former state school employee Duran paid in $104K to teachers' pension fund, could collect $2.24M in retirement

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Former state school employee Nancy Duran, who retired in May 2017, saved $103,977 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Duran would collect as much as $2.24 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Duran received $47,084 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Duran will have already received $145,533 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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