Prairie State Wire

Prairie State Wire

Thursday, January 23, 2020

Former state school employee Dillow paid in $166K to teachers' pension fund, could collect $2.92M in retirement

Schools

By Local Labs News Service | Oct 1, 2017

Money836

Former state school employee Suzanne Dillow, who retired in September 2017, saved $166,105 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dillow would collect as much as $2.92 million, according to a projection by Local Government Information Services (LGIS), which publishes Prairie State Wire.

The projection assumes Dillow received $61,337 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dillow will have already received $189,586 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Illinois State Board of Education

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