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McHenry Times

Saturday, May 24, 2025

Former state school employee Barry paid in $27K to teachers' pension fund, could collect $462K in retirement

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Former state school employee Gail Barry, who retired in January 2017, saved $27,359 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Barry would collect as much as $461,787, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Barry received $9,706 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Barry will have already received $30,000 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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