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Rock Island Today

Wednesday, June 4, 2025

Former state school employee Little paid in $71K to teachers' pension fund, could collect $1.55M in retirement

Money 05

Former state school employee Joy Little, who retired in June 2017, saved $71,381 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Little would collect as much as $1.55 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Little received $32,638 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Little will have already received $100,881 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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