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Kendall County Times

Monday, July 21, 2025

Former state school employee Lamb paid in $24K to teachers' pension fund, could collect $394K in retirement

Money 01

Former state school employee Helen Lamb, who retired in May 2018, saved $24,208 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lamb would collect as much as $394,455, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.

The projection assumes Lamb received $8,291 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lamb will have already received $25,627 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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