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McHenry Times

Wednesday, April 23, 2025

Former state school employee Warren paid in $71K to teachers' pension fund, could collect $1.09M in retirement

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Former state school employee Mary Warren, who retired in June 2017, saved $71,000 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Warren would collect as much as $1.09 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Warren received $22,990 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Warren will have already received $71,060 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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