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McLean County Times

Tuesday, November 26, 2024

Former state school employee Yoggerst paid in $147K to teachers' pension fund, could collect $3.68M in retirement

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Former state school employee Patricia Yoggerst, who retired in May 2016, saved $146,813 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, Yoggerst would collect as much as $3.68 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Yoggerst received $77,262 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Yoggerst will have already received $156,842 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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