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Metro East Sun

Thursday, April 24, 2025

Former state school employee Williams paid in $99K to teachers' pension fund, could collect $1.9M in retirement

Money 03

Former state school employee Dorothy Williams, who retired in May 2016, saved $98,918 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Williams received $39,954 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $123,495 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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