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McHenry Times

Wednesday, April 23, 2025

Former state school employee Mendelson paid in $96K to teachers' pension fund, could collect $1.75M in retirement

Money 03

Former state school employee Barbara Mendelson, who retired in June 2016, saved $95,863 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mendelson would collect as much as $1.75 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Mendelson received $36,848 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mendelson will have already received $113,893 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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