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Kankakee Times

Saturday, June 7, 2025

Former state school employee Boma paid in $77K to teachers' pension fund, could collect $1.14M in retirement

Money 04

Former state school employee Marilyn Boma, who retired in May 2018, saved $76,938 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, Boma would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Boma received $24,026 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Boma will have already received $100,516 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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