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South Central Reporter

Saturday, November 23, 2024

Former state school employee Jedlicka paid in $134K to teachers' pension fund, could collect $2.67M in retirement

Money 08

Former state school employee Patricia Jedlicka, who retired in May 2016, saved $134,434 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jedlicka would collect as much as $2.67 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Jedlicka received $56,121 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jedlicka will have already received $173,465 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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