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Metro East Sun

Wednesday, July 16, 2025

Former state school employee Fahrner paid in $153K to teachers' pension fund, could collect $3.27M in retirement

Money041

Former state school employee David Fahrner, who retired in June 2016, saved $153,379 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Fahrner would collect as much as $3.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Fahrner received $68,787 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fahrner will have already received $212,615 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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