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South West Illinois News

Sunday, April 20, 2025

Former state school employee Pfund paid in $119K to teachers' pension fund, could collect $2.82M in retirement

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Former state school employee Gina Pfund, who retired in May 2017, saved $118,529 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pfund would collect as much as $2.82 million, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.

The projection assumes Pfund received $59,367 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Pfund will have already received $120,515 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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