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McHenry Times

Thursday, March 13, 2025

Former state school employee Wynn paid in $234K to teachers' pension fund, could collect $4.61M in retirement

Money 08

Former state school employee William Wynn, who retired in May 2018, saved $234,301 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wynn would collect as much as $4.61 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Wynn received $96,911 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wynn will have already received $299,542 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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