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East Central Reporter

Wednesday, January 8, 2025

Former state school employee Miller paid in $111K to teachers' pension fund, could collect $2.5M in retirement

Money041

Former state school employee Pamela Miller, who retired in May 2018, saved $111,090 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, Miller would collect as much as $2.5 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Miller received $52,481 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $162,213 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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