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DeKalb Times

Friday, March 14, 2025

Former state school employee Montgomery paid in $168K to teachers' pension fund, could collect $2.16M in retirement

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Former state school employee Adrian Montgomery, who retired in December 2018, saved $167,807 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Montgomery would collect as much as $2.16 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Montgomery received $45,384 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Montgomery will have already received $189,870 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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