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West Cook News

Tuesday, April 29, 2025

Former state school employee Eannace paid in $162K to teachers' pension fund, could collect $3.73M in retirement

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Former state school employee Mary Eannace, who retired in June 2017, saved $161,928 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, Eannace would collect as much as $3.73 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Eannace received $78,325 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Eannace will have already received $242,095 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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