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West Central Reporter

Monday, November 25, 2024

Former state school employee Pohlman paid in $104K to teachers' pension fund, could collect $2.17M in retirement

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Former state school employee Jan Pohlman, who retired in May 2017, saved $104,104 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pohlman would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Pohlman received $45,685 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pohlman will have already received $141,209 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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