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Metro East Sun

Wednesday, July 23, 2025

Former state school employee McGill paid in $141K to teachers' pension fund, could collect $2.17M in retirement

Money 07

Former state school employee Judy McGill, who retired in May 2018, saved $141,456 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McGill would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes McGill received $45,550 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McGill will have already received $190,567 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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