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Kane County Reporter

Sunday, April 20, 2025

Former state school employee Nelson paid in $140K to teachers' pension fund, could collect $2.88M in retirement

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Former state school employee Leslie Nelson, who retired in June 2017, saved $139,833 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Nelson would collect as much as $2.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Nelson received $60,628 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nelson will have already received $187,395 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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