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Galesburg Reporter

Friday, April 4, 2025

Former state school employee Best paid in $106K to teachers' pension fund, could collect $2.25M in retirement

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Former state school employee Thomas Best, who retired in May 2016, saved $105,602 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, Best would collect as much as $2.25 million, according to a projection by Local Government Information Services (LGIS), which publishes Galesburg Reporter.

The projection assumes Best received $47,199 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Best will have already received $145,887 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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