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McHenry Times

Wednesday, September 24, 2025

Former state school employee Riner paid in $169K to teachers' pension fund, could collect $4.41M in retirement

Money 01

Former state school employee Elaine Riner, who retired in June 2017, saved $168,808 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Riner would collect as much as $4.41 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Riner received $92,644 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Riner will have already received $188,067 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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