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NW Illinois News

Tuesday, April 22, 2025

Former state school employee Wilkinson paid in $88K to teachers' pension fund, could collect $1.37M in retirement

Money 05

Former state school employee Gina Wilkinson, who retired in May 2018, saved $88,476 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilkinson would collect as much as $1.37 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Wilkinson received $28,803 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilkinson will have already received $89,027 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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