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Friday, April 19, 2024

Here are the 3 former employees of Colona Township receiving the highest annual pension payouts

Money759

Here are the 3 former employees of Colona Township receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Timmerman, Thomas J.
$16,632
$755,973
2013
3
$47,980
$12,480
$11,582
Ash, Herbert A.
$3,438
$205,993
2001
15
$64,630
$4,786
$3,330
Ropp, Donald L.
$1,112
$56,555
2000
16
$19,192
$1,350
$925

Projected total collections assume 36 years of retirement.

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