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McLean County Times

Friday, November 22, 2024

Former state school employee Roberts paid in $140K to teachers' pension fund, could collect $3.03M in retirement

Money 02

Former state school employee Robin Roberts, who retired in September 2016, saved $140,489 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, Roberts would collect as much as $3.03 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Roberts received $63,669 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roberts will have already received $196,794 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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