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Sangamon Sun

Tuesday, May 13, 2025

Former state school employee Thompson paid in $10K to teachers' pension fund, could collect $349K in retirement

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Former state school employee Teresa Thompson, who retired in December 2016, saved $9,781 toward a pension over 5 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 $349,216, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Thompson received $7,340 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Thompson will have already received $14,900 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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