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Dupage Policy Journal

Saturday, August 23, 2025

Former state school employee Bennett paid in $229K to teachers' pension fund, could collect $5.12M in retirement

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Former state school employee Michelle Bennett, who retired in June 2016, saved $229,355 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, Bennett would collect as much as $5.12 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Bennett received $107,567 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bennett will have already received $332,479 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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