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McLean County Times

Tuesday, April 16, 2024

Here are the 2 former employees of Money Creek Township receiving the highest annual pension payouts

Local Government

Money 05

Here are the 2 former employees of Money Creek Township receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Moncelle, Gary L.
$26,411
$1,288,541
2009
7
$174,783
$23,913
$19,970
Freed, Loren E.
$8,462
$297,252
1997
19
$125,378
$7,668
$4,915

Projected total collections assume 36 years of retirement.

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Money Creek Township

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