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South Cook News

Saturday, October 4, 2025

Former state school employee Wilson paid in $95K to teachers' pension fund, could collect $1.61M in retirement

Money759

Former state school employee Kathleen Wilson, who retired in June 2017, saved $95,194 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilson would collect as much as $1.61 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Wilson received $33,912 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilson will have already received $104,818 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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