Former state school employee Vanvleet paid in $80K to teachers' pension fund, could collect $1.92M in retirement

By Local Labs News Service

Mar 1, 2018

Former state school employee Amy Vanvleet, who retired in February 2018, saved $80,181 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, Vanvleet would collect as much as $1.92 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Vanvleet received $40,253 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Vanvleet will have already received $81,714 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Lexington Community Unit School District 7

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