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Carbondale Reporter

Monday, July 21, 2025

Former state school employee McNeill paid in $116K to teachers' pension fund, could collect $2.96M in retirement

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Former state school employee Jayne McNeill, who retired in May 2017, saved $115,642 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, McNeill would collect as much as $2.96 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes McNeill received $62,238 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McNeill will have already received $126,343 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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