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North Cook News

Sunday, April 20, 2025

Former state school employee Pahl paid in $119K to teachers' pension fund, could collect $1.86M in retirement

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Former state school employee Lawrence Pahl, who retired in January 2018, saved $119,072 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pahl would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Pahl received $39,159 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pahl will have already received $121,037 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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