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DeKalb Times

Monday, April 28, 2025

Former state school employee Mungor paid in $157K to teachers' pension fund, could collect $3.72M in retirement

Money 02

Former state school employee Melynda Mungor, who retired in May 2018, saved $157,020 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mungor would collect as much as $3.72 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Mungor received $78,147 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mungor will have already received $158,638 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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