Prairie State Wire

Prairie State Wire

Thursday, November 21, 2019

Former state school employee Emmons paid in $26K to teachers' pension fund, could collect $375K in retirement

Schools

By Local Labs News Service | May 1, 2016

Shutterstock 443523112

Former state school employee Donna Emmons, who retired in April 2016, saved $25,804 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Emmons would collect as much as $375,392, according to a projection by Local Government Information Services (LGIS), which publishes Prairie State Wire.

The projection assumes Emmons received $7,890 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Emmons will have already received $33,010 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Illinois State Board of Education ?

Sign-up Next time we write about Illinois State Board of Education, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Illinois State Board of Education

More News