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McHenry Times

Tuesday, September 30, 2025

Former state school employee Quinnett paid in $208K to teachers' pension fund, could collect $4.36M in retirement

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Former state school employee Michael Quinnett, who retired in May 2018, saved $208,378 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Quinnett would collect as much as $4.36 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Quinnett received $91,621 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Quinnett will have already received $283,192 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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