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Former state school employee Wilson paid in $9K to teachers' pension fund, could collect $549K in retirement

Schools

By Local Labs News Service | Sep 1, 2016

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Former state school employee Nancy Wilson, who retired in August 2016, saved $8,520 toward a pension over 7 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 $548,856, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Wilson received $11,536 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Wilson will have already received $11,536 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Elmhurst Community Unit School District 205

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