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Carbondale Reporter

Saturday, May 17, 2025

Former state school employee Abell paid in $148K to teachers' pension fund, could collect $3.19M in retirement

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Former state school employee Janice Abell, who retired in December 2018, saved $148,239 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Abell would collect as much as $3.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Abell received $67,104 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Abell will have already received $207,412 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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