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South Cook News

Saturday, October 4, 2025

Former state school employee Connelly paid in $81K to teachers' pension fund, could collect $1.2M in retirement

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Former state school employee Cheryl Connelly, who retired in May 2018, saved $81,291 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Connelly would collect as much as $1.2 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Connelly received $25,272 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Connelly will have already received $105,728 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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