Quantcast

Kankakee Times

Tuesday, June 3, 2025

Former state school employee Langellier paid in $95K to teachers' pension fund, could collect $1.97M in retirement

Money 01

Former state school employee Mary Langellier, who retired in June 2018, saved $94,680 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Langellier would collect as much as $1.97 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Langellier received $41,352 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Langellier will have already received $127,816 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS