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Kankakee Times

Sunday, June 22, 2025

Former state school employee Miller paid in $148K to teachers' pension fund, could collect $4.36M in retirement

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Former state school employee Gary Miller, who retired in July 2017, saved $147,534 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, Miller would collect as much as $4.36 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Miller received $91,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Miller will have already received $185,997 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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