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Peoria Standard

Friday, July 4, 2025

Former state school employee Brown paid in $111K to teachers' pension fund, could collect $2.31M in retirement

Money 02

Former state school employee Marilyn Brown, who retired in May 2017, saved $110,551 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Brown would collect as much as $2.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Brown received $48,525 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brown will have already received $149,986 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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