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South Cook News

Sunday, April 6, 2025

Former state school employee Winston paid in $49K to teachers' pension fund, could collect $771K in retirement

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Former state school employee Candy Winston, who retired in April 2016, saved $48,793 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Winston would collect as much as $771,189, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Winston received $16,209 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Winston will have already received $50,100 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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