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Galesburg Reporter

Monday, August 4, 2025

Former state school employee Martin paid in $104K to teachers' pension fund, could collect $2.22M in retirement

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Former state school employee Janet Martin, who retired in May 2017, saved $104,038 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Martin would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Galesburg Reporter.

The projection assumes Martin received $46,725 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Martin will have already received $144,423 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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