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South Cook News

Sunday, July 27, 2025

Former state school employee Scott paid in $118K to teachers' pension fund, could collect $1.9M in retirement

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Former state school employee Maureen Scott, who retired in June 2016, saved $118,098 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Scott would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Scott received $39,946 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Scott will have already received $123,468 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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