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Kane County Reporter

Wednesday, April 23, 2025

Former state school employee Morton paid in $98K to teachers' pension fund, could collect $1.88M in retirement

Money 02

Former state school employee Elizabeth Morton, who retired in June 2017, saved $98,297 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Morton would collect as much as $1.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Morton received $39,433 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Morton will have already received $121,883 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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