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Peoria Standard

Saturday, March 15, 2025

Former state school employee Skender paid in $62K to teachers' pension fund, could collect $1.09M in retirement

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Former state school employee Karen Skender, who retired in May 2017, saved $62,465 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Skender would collect as much as $1.09 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Skender received $22,918 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Skender will have already received $70,838 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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