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Sangamon Sun

Tuesday, July 8, 2025

Former state school employee Wilmarth paid in $121K to teachers' pension fund, could collect $2.53M in retirement

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Former state school employee Shelli Wilmarth, who retired in May 2017, saved $121,285 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilmarth would collect as much as $2.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Wilmarth received $53,235 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilmarth will have already received $164,544 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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