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South Cook News

Sunday, April 20, 2025

Former state school employee Burton paid in $161K to teachers' pension fund, could collect $3.45M in retirement

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Former state school employee William Burton, who retired in May 2016, saved $160,956 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, Burton would collect as much as $3.45 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Burton received $72,595 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Burton will have already received $224,384 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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