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North Cook News

Friday, July 4, 2025

Former state school employee Burns paid in $146K to teachers' pension fund, could collect $2.92M in retirement

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Former state school employee Virginia Burns, who retired in June 2017, saved $145,826 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Burns would collect as much as $2.92 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Burns received $61,369 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Burns will have already received $189,685 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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