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South Cook News

Tuesday, June 17, 2025

Former state school employee Buckley paid in $175K to teachers' pension fund, could collect $3.48M in retirement

Money 03

Former state school employee Anne Buckley, who retired in May 2016, saved $174,571 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, Buckley would collect as much as $3.48 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Buckley received $73,107 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Buckley will have already received $225,966 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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