Quantcast

McLean County Times

Sunday, June 2, 2024

Former state school employee Vercruysse paid in $112K to teachers' pension fund, could collect $2.03M in retirement

Money 03

Former state school employee Candice Vercruysse, who retired in May 2016, saved $112,044 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vercruysse would collect as much as $2.03 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Vercruysse received $42,692 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vercruysse will have already received $131,957 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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

MORE NEWS