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East Central Reporter

Friday, May 16, 2025

Former state school employee Titus paid in $123K to teachers' pension fund, could collect $1.7M in retirement

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Former state school employee Melvin Titus, who retired in May 2017, saved $123,037 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Titus would collect as much as $1.7 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Titus received $35,657 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Titus will have already received $149,177 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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