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Peoria Standard

Friday, March 14, 2025

Former state school employee Workley paid in $55K to teachers' pension fund, could collect $1.5M in retirement

Money 04

Former state school employee Patricia Workley, who retired in June 2016, saved $54,726 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Workley would collect as much as $1.5 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Workley received $31,477 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Workley will have already received $63,898 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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