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Dupage Policy Journal

Saturday, August 23, 2025

Former state school employee Hennessy paid in $221K to teachers' pension fund, could collect $5.47M in retirement

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Former state school employee Lisa Hennessy, who retired in June 2016, saved $220,914 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, Hennessy would collect as much as $5.47 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hennessy received $114,954 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hennessy will have already received $233,357 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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