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Peoria Standard

Monday, June 30, 2025

Former state school employee Watson paid in $67K to teachers' pension fund, could collect $1.06M in retirement

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Former state school employee Debra Watson, who retired in June 2017, saved $67,053 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Watson would collect as much as $1.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Watson received $22,198 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Watson will have already received $68,612 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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