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McHenry Times

Thursday, May 1, 2025

Former state school employee Cooper paid in $125K to teachers' pension fund, could collect $2.14M in retirement

Money041

Former state school employee Paula Cooper, who retired in June 2016, saved $124,690 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cooper would collect as much as $2.14 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Cooper received $45,042 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cooper will have already received $139,220 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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