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Peoria Standard

Tuesday, October 28, 2025

Former state school employee Sanders paid in $71K to teachers' pension fund, could collect $961K in retirement

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Former state school employee Mark Sanders, who retired in May 2016, saved $70,842 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sanders would collect as much as $961,187, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Sanders received $20,203 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Sanders will have already received $84,521 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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