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Metro East Sun

Monday, April 21, 2025

Former state school employee Wendel paid in $163K to teachers' pension fund, could collect $2.35M in retirement

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Former state school employee Kevin Wendel, who retired in May 2016, saved $163,017 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wendel would collect as much as $2.35 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Wendel received $49,332 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Wendel will have already received $206,386 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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