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West Central Reporter

Sunday, September 14, 2025

Former state school employee Thomas paid in $61K to teachers' pension fund, could collect $1.43M in retirement

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Former state school employee Carl Thomas, who retired in May 2018, saved $61,385 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Thomas would collect as much as $1.43 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Thomas received $30,144 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thomas will have already received $93,171 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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