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West Central Reporter

Monday, May 20, 2024

Former state school employee Pollock paid in $103K to teachers' pension fund, could collect $1.71M in retirement

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Former state school employee Cindy Pollock, who retired in May 2016, saved $102,818 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pollock would collect as much as $1.71 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Pollock received $35,954 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pollock will have already received $111,131 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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