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Kankakee Times

Thursday, June 26, 2025

Former state school employee Hyde paid in $130K to teachers' pension fund, could collect $2.65M in retirement

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Former state school employee Lynne Hyde, who retired in May 2018, saved $130,079 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hyde would collect as much as $2.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Hyde received $55,805 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hyde will have already received $172,487 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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