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Metro East Sun

Sunday, June 8, 2025

Former state school employee Wilson paid in $24K to teachers' pension fund, could collect $545K in retirement

Money 08

Former state school employee Karen Wilson, who retired in April 2017, saved $23,683 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilson would collect as much as $544,631, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Wilson received $11,447 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilson will have already received $35,381 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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