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Dupage Policy Journal

Saturday, June 7, 2025

Former state school employee Hennessy paid in $157K to teachers' pension fund, could collect $3.52M in retirement

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Former state school employee Patricia Hennessy, who retired in June 2016, saved $156,658 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 $3.52 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hennessy received $74,049 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hennessy will have already received $228,877 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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