Quantcast

West Central Reporter

Friday, April 26, 2024

Former state school employee Campbell paid in $35K to teachers' pension fund, could collect $843K in retirement

Money836

Former state school employee Pamela Campbell, who retired in January 2018, saved $35,233 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Campbell would collect as much as $842,764, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Campbell received $17,714 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Campbell will have already received $35,959 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!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