Prairie State Wire

Prairie State Wire

Wednesday, February 26, 2020

Former state school employee Flentje paid in $93K to teachers' pension fund, could collect $1.49M in retirement


By Local Labs News Service | Jul 1, 2017

Shutterstock 443523112

Former state school employee Julie Flentje, who retired in June 2017, saved $92,517 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Flentje would collect as much as $1.49 million, according to a projection by Local Government Information Services (LGIS), which publishes Prairie State Wire.

The projection assumes Flentje received $31,240 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Flentje will have already received $96,559 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