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Metro East Sun

Monday, April 28, 2025

Former state school employee Cullen paid in $193K to teachers' pension fund, could collect $3.38M in retirement

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Former state school employee Cullen Cullen, who retired in June 2018, saved $192,937 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, Cullen would collect as much as $3.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Cullen received $71,064 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cullen will have already received $219,652 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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