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SE Illinois News

Wednesday, April 9, 2025

Former state school employee Williams paid in $21K to teachers' pension fund, could collect $492K in retirement

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Former state school employee Karen Williams, who retired in July 2016, saved $21,113 toward a pension over 7 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $492,308, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Williams received $10,347 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $31,981 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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