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Dupage Policy Journal

Friday, June 20, 2025

Former state school employee Corrigan paid in $210K to teachers' pension fund, could collect $4.64M in retirement

Money 05

Former state school employee Kaye Corrigan, who retired in August 2017, saved $210,162 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, Corrigan would collect as much as $4.64 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Corrigan received $97,595 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Corrigan will have already received $301,657 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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