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Kankakee Times

Wednesday, October 8, 2025

Former state school employee Johnson paid in $223K to teachers' pension fund, could collect $3.54M in retirement

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Former state school employee Rick Johnson, who retired in July 2016, saved $223,212 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Johnson would collect as much as $3.54 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Johnson received $74,403 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Johnson will have already received $229,972 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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