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North Cook News

Friday, October 3, 2025

Former state school employee Walker paid in $200K to teachers' pension fund, could collect $4.55M in retirement

Money 07

Former state school employee James Walker, who retired in June 2017, saved $200,297 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Walker would collect as much as $4.55 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Walker received $95,720 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Walker will have already received $295,862 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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