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Sangamon Sun

Sunday, July 20, 2025

Former state school employee Thompson paid in $140K to teachers' pension fund, could collect $2.89M in retirement

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Former state school employee Jerry Thompson, who retired in May 2017, saved $139,804 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Thompson would collect as much as $2.89 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Thompson received $60,826 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thompson will have already received $188,008 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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