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West Central Reporter

Monday, November 25, 2024

Former state school employee Rohn paid in $102K to teachers' pension fund, could collect $1.69M in retirement

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Former state school employee Fawn Rohn, who retired in May 2017, saved $102,053 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rohn would collect as much as $1.69 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Rohn received $35,582 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rohn will have already received $109,979 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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