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West Cook News

Thursday, April 3, 2025

Former state school employee Wilson paid in $146K to teachers' pension fund, could collect $3.97M in retirement

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Former state school employee Ingrid Wilson, who retired in June 2017, saved $145,640 toward a pension over 34 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 $3.97 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Wilson received $83,442 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Wilson will have already received $169,387 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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