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Metro East Sun

Monday, September 22, 2025

Former state school employee Conroy paid in $115K to teachers' pension fund, could collect $1.93M in retirement

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Former state school employee Elizabeth Conroy, who retired in June 2018, saved $114,761 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Conroy would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Conroy received $40,601 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Conroy will have already received $125,494 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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