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Rock Island Today

Wednesday, July 9, 2025

Former state school employee Fiers paid in $163K to teachers' pension fund, could collect $3.51M in retirement

Money 07

Former state school employee Julie Fiers, who retired in May 2017, saved $163,423 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Fiers would collect as much as $3.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Fiers received $73,700 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fiers will have already received $227,799 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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