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Will County Gazette

Wednesday, May 14, 2025

Former state school employee Russell paid in $181K to teachers' pension fund, could collect $4.38M in retirement

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Former state school employee Cheryl Russell, who retired in June 2018, saved $181,483 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, Russell would collect as much as $4.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Russell received $92,078 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Russell will have already received $186,918 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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