Former state school employee Rose paid in -$1,950 to teachers' pension fund, could collect $264K in retirement

By Local Labs News Service

May 1, 2017

Former state school employee Patricia Rose, who retired in April 2017, saved -$1,950 toward a pension over 4 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rose would collect as much as $264,317, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Rose received $5,555 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 0 years of retirement, Rose will have already received $0 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Bloomington School District 87 Board

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate