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DeKalb Times

Friday, June 20, 2025

Former state school employee Leahy paid in $94K to teachers' pension fund, could collect $1.92M in retirement

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Former state school employee Marie Leahy, who retired in May 2017, saved $93,829 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Leahy would collect as much as $1.92 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Leahy received $40,370 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leahy will have already received $124,779 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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