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Quincy Reporter

Wednesday, April 2, 2025

Former state school employee McLaughlin paid in $79K to teachers' pension fund, could collect $1.28M in retirement

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Former state school employee Kathleen McLaughlin, who retired in June 2016, saved $78,783 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McLaughlin would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes McLaughlin received $26,830 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McLaughlin will have already received $82,929 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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