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Chambana Sun

Saturday, April 19, 2025

Former state school employee Williams paid in $135K to teachers' pension fund, could collect $3.1M in retirement

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Former state school employee Larry Williams, who retired in May 2017, saved $134,660 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, Williams would collect as much as $3.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Williams received $65,158 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $201,397 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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