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Metro East Sun

Tuesday, November 11, 2025

Former state school employee Parker paid in $147K to teachers' pension fund, could collect $2.86M in retirement

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Former state school employee Clifford Parker, who retired in May 2017, saved $146,504 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Parker would collect as much as $2.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Parker received $60,119 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Parker will have already received $185,823 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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