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Peoria Standard

Tuesday, October 28, 2025

Former state school employee Jackson paid in $85K to teachers' pension fund, could collect $1.44M in retirement

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Former state school employee Annette Jackson, who retired in May 2018, saved $85,477 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jackson would collect as much as $1.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Jackson received $30,312 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jackson will have already received $93,691 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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